AML 8.1.2

(1) When assessing under AML Rule 8.1.1(3)(c) or (4) if requirements, supervision or regulation in another jurisdiction meet FATF standards, a Relevant Person must take into account factors including, among other things:
(a) mutual evaluations, assessment reports or follow-up reports published by FATF, the IMF, the World Bank, the OECD or other International Organisations;
(b) membership of FATF or other international or regional groups such as the MENAFATF or the Gulf Co-operation Council;
(c) contextual factors such as political stability or the level of corruption in the jurisdiction;
(d) evidence of recent criticism of the jurisdiction, including in:
(i) FATF advisory notices;
(ii) public assessments of the jurisdiction's AML regime by organisations referred to in (a); or
(iii) reports by other relevant non-government organisations or specialist commercial organisations; and
(e) whether adequate arrangements exist for co-operation between the AML regulator in that jurisdiction and the DFSA.

(2) A Relevant Person making an assessment under (1) must rely only on sources of information that are reliable and up-to-date.

(3) A Relevant Person must keep adequate records of how it made its assessment, including the sources and materials considered.

Derived from DFSA RM231/2018 (Made 6th June 2018) [VER15/07-18]