AML 1.2.1

Past version: effective from 21/10/2015 - 14/04/2019
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(1) The AML Rulebook applies to:
(a) every Relevant Person in respect of all its activities carried on, in, or from the ADGM; and
(b) the Persons specified in Rule 1.3.3 as being responsible for a Relevant Person's compliance with the AML Rulebook,
except to the extent that a provision of AML provides for a narrower application.
(2) For a dealer in precious metals or precious stones, or a dealer in any saleable item of a price equal to or greater than $15,000, Chapters 7 to 9 of the AML Rulebook apply only if it engages in any cash or cash-equivalent Transaction with a Customer equal to or above $15,000, whether the Transaction is executed as a single operation or in several connected operations.