• AML 15.1.1 AML 15.1.1

    (1) A Relevant Person which is an ADGM Entity must ensure that its policies, procedures, systems and controls required by Rule 6.2.1 apply to:
    (a) any of its Branches or Subsidiaries; and
    (b) any of its Group entities in the ADGM.
    (2) Where the regulator of another jurisdiction does not permit the implementation of policies, procedures, systems and controls consistent with those of the Relevant Person, the Relevant Person must:
    (a) inform the Regulator in writing; and
    (b) apply appropriate additional measures to manage the money laundering risks posed by the relevant Branch or Subsidiary.

    • Guidance

      A Relevant Person which is an ADGM Entity should conduct a periodic review to verify that any Branch or Subsidiary operating in another jurisdiction is in compliance with the obligations imposed under these Rules.