• AML 15.1.2 AML 15.1.2

    A Relevant Person must:

    (a) communicate the policies and procedures which it establishes and maintains in accordance with these Rules to its Group entities, Branches and Subsidiaries; and
    (b) document the basis for its satisfaction that the requirement in Rule 15.1.1(2)(b) is met.

    • Guidance

      In relation to an Authorised Person, if the Regulator is not satisfied in respect of AML compliance of its Branches and Subsidiaries in a particular jurisdiction, it may take action, including making it a condition of the Authorised Person's Financial Services Permission that it must not operate a Branch or Subsidiary in that jurisdiction.