AML 14.2.1

Past version: effective from 14/07/2013 - 28/10/2018
To view other versions open the versions tab on the right

A Relevant Person which is part of a Group must ensure that it:

(a) understands the policies and procedures covering the sharing of information between Group entities, particularly when sharing Customer Due Diligence information;
(b) has in place adequate safeguards on the confidentiality and use of information exchanged between Group entities, including consideration of relevant data protection legislation;
(c) remains aware of the money laundering risks of the Group as a whole and of its exposure to the Group and takes active steps to mitigate such risks;
(d) contributes to a Group-wide risk assessment to identify and assess money laundering risks for the Group; and
(e) provides its Group-wide compliance, audit and AML functions with customer account and transaction information from branches and subsidiaries when necessary for AML purposes.
Derived from RM117/2013 [VER9/07-13]