AML 10.2.1

(1) A Relevant Person must establish and maintain effective systems and controls to ensure that on an ongoing basis it is properly informed as to, and takes reasonable measures to comply with, 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]
[Amended] DFSA RM196/2016 (Made 7th December 2016). [VER13/02-17]