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AML 10.2.1

Past version: effective from 14/07/2013 - 31/01/2017
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(1) A Relevant Person must establish and maintain effective systems and controls to obtain and make appropriate use of relevant resolutions or sanctions issued by the United Nations Security Council.
(2) A Relevant Person must immediately notify the DFSA when it becomes aware that it is:
(a) carrying on or about to carry on an activity;
(b) holding or about to hold money or other assets; or
(c) undertaking or about to undertake any other business whether or not arising from or in connection with (a) or (b);
for or on behalf of a person, where such carrying on, holding or undertaking constitutes or may constitute a contravention of a relevant sanction or resolution issued by the United Nations Security Council.
(3) A Relevant Person must ensure that the notification stipulated in (2) above includes the following information:
(a) a description of the relevant activity in (2) (a), (b) or (c); and
(b) the action proposed to be taken or that has been taken by the Relevant Person with regard to the matters specified in the notification.
Derived from RM117/2013 [VER9/07-13]