AML 11.4.1

Past version: effective from 14/07/2013 - 31/01/2017
To view other versions open the versions tab on the right

A Relevant Person must ensure that its MLRO implements and has oversight of and is responsible for the following matters:

(a) the day-to-day operations for compliance by the Relevant Person with its AML policies, procedures, systems and controls;
(b) acting as the point of contact to receive notifications from the Relevant Person'sEmployees under Rule 13.2.2;
(c) taking appropriate action under Rule 13.3.1 following the receipt of a notification from an Employee ;
(d) making, in accordance with Federal Law No. 4 of 2002, Suspicious Activity Reports;
(e) acting as the point of contact within the Relevant Person for competent U.A.E. authorities and the DFSA regarding money laundering issues;
(f) responding promptly to any request for information made by competent U.A.E. authorities or the DFSA;
(g) receiving and acting upon any relevant findings, recommendations, guidance, directives, resolutions, sanctions, notices or other conclusions described in chapter 10; and
(h) establishing and maintaining an appropriate money laundering training programme and adequate awareness arrangements under chapter 12.
Derived from RM117/2013 [VER9/07-13]