• AML 12.4 AML 12.4 Reporting

    • AML 12.4.1

      The MLRO must report semi-annually to the Governing Body or Senior Management of the Relevant Person on the following matters:

      (a) the results of the review under Rule 4.1.1(4);
      (b) the Relevant Person's compliance with applicable Anti-Money Laundering laws including these Rules;
      (c) any relevant findings, recommendations, guidance, directives, resolutions, Sanctions, notices or other conclusions and how the Relevant Person has taken them into account; 
      (d) any internal Suspicious Activity Reports made by the Relevant Person's Employees, or its agents or members of its Group where acting on its behalf, and action taken in respect of those reports, including the grounds for all decisions;
      (e) any external Suspicious Activity Reports made by the Relevant Person, or its agents or members of its Group where acting on its behalf, and action taken in respect of those reports including the grounds for all decisions; and
      (f) any other relevant matters related to Anti-Money Laundering as it concerns the Relevant Person's business.
      Amended on (9 November, 2020)
      Amended on (3 February, 2020)

    • AML 12.4.2

      A Relevant Person must ensure that its Governing Body or Senior Management promptly:

      (a) assess the report provided under Rule 12.4.1;
      (b) take action, as required, subsequent to consideration of the findings of the report, in order to resolve any identified deficiencies; and
      (c) make a record of their assessment pursuant to paragraph (a) and the action taken pursuant to paragraph (b).
      Amended on (15 April, 2019).

    • AML 12.4.3

      The Relevant Person must provide to the Regulator a copy of:

      (a) The report provided under Rule 12.4.1; and
      (b) the record made under Rule 12.4.2(c).
      Amended on (3 February, 2020).