• AML 15.2 AML 15.2 Group policies

    • AML 15.2.1

      A Relevant Person which is part of a Group must ensure that it:

      (a) understands the policies and procedures covering the sharing of information between Group entities, particularly when sharing CDD information;
      (b) has in place adequate safeguards on the confidentiality and use of information exchanged between Group entities, including consideration of relevant data protection legislation;
      (c) remains aware of the money laundering risks of the Group as a whole and of its exposure to the Group and takes active steps to mitigate such risks;
      (d) contributes to a Group-wide risk assessment to identify and assess money laundering risks for the Group; and
      (e) provides its Group-wide compliance, audit and AML functions with Customer account and Transaction information from Branches and Subsidiaries when necessary for AML purposes.