• AML 15.3 AML 15.3 Notifications

    • AML 15.3.1

      A Relevant Person must inform the Regulator in writing as soon as possible if, in the course of its activities carried on in or from the ADGM or in relation to any of its Branches or Subsidiaries, it:

      (a) receives a request for information from a regulator or agency responsible for AML or Sanctions regarding enquiries into potential money laundering or terrorist financing or Sanctions breaches;
      (b) becomes aware, or has reasonable grounds to believe, that the following has or may have occurred in or through its business:
      (a) money laundering, contrary to Federal Law No. 4 of 2002 regarding 'Criminalisation of Money Laundering', Federal Decree Law No. 1 of 2004 regarding 'Combating Terrorism Offences', or Federal Law No. 4 of 2014 regarding 'Combating Terrorist Crimes';
      (b) a breach of Sanctions; or
      (c) acts amounting to bribery under the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions;
      (c) becomes aware of any money laundering or Sanctions matter in relation to the Relevant Person or a member of its Group which could result in adverse reputational consequences to the Relevant Person; or
      (d) becomes aware of any a significant breach of a Rule in the AML Rulebook or breach of Federal Law No. 4 of 2002 or Federal Law No. 1 of 2004 by the Relevant Person or any of its Employees.

    • AML 15.3.2

      A Relevant Person must inform the Regulator in writing as soon as possible if, in the course of its activities carried on in or from the ADGM, it suspects or becomes aware that another Person outside of its business is engaged in:

      (a) money laundering, contrary to Federal Law No. 4 of 2002 regarding 'Criminalisation of Money Laundering', Federal Decree Law No. 1 of 2004 regarding 'Combating Terrorism Offences', or Federal Law No. 4 of 2014 regarding 'Combating Terrorist Crimes';
      (b) a breach of Sanctions; or
      (c) acts amounting to bribery under the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.

      This requirement does not apply to information or documents that are legally privileged or in the public domain.