AML 11.2.1

(1) A Relevant Person must appoint an individual as MLRO, with responsibility for implementation and oversight of its compliance with the Rules in this module, who is suitable to perform the role and has an appropriate level of seniority and independence to act in the role.
(2) The MLRO in (1) and AML Rule 11.2.5 must be resident in the U.A.E, except in the case of the MLRO for a Registered Auditor.
Derived from RM117/2013 [VER9/07-13]
[Amended] RM196/2016 (Made 7th December 2016). [VER13/02-17]
[Added] DFSA RMI306/2021 (Made 30th June 2021). [VER18/09-21]