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AML 5.1.2

A Relevant Person must use the information obtained in undertaking its business risk assessment to:

(a) develop and maintain its AML policies, procedures, systems and controls required by Rule 5.2.1;
(b) ensure that its AML policies, procedures, systems and controls adequately mitigate the risks identified as part of the assessment in Rule 5.1.1;
(c) assess the effectiveness of its AML policies, procedures, systems and controls as required by Rule 5.2.1(c);
(d) assist in allocation and prioritisation of AML resources; and
(e) assist in the carrying out of the customer risk assessment under chapter 6.
Derived from RM117/2013 [VER9/07-13]