AML 9.3.1

(1) This section applies to an Authorised Person when it sends or transmits funds by electronic means, or when it receives funds (including serial payments and cover payments) by electronic means, on the account of a payer or payee.

(2) This section does not apply to a transfer and settlement between Financial Institutions if the Financial Institutions are acting on their own behalf as the payer and the payee.

Derived from RM117/2013 [VER9/07-13]
[Amended] DFSA RM231/2018 (Made 6th June 2018) [VER15/07-18]