AML 6.1.2

A Relevant Person must use the information obtained in undertaking its business risk assessment to:

(a) develop and maintain its Anti-Money Laundering policies, procedures, systems and controls as required by Rule 6.2.1;
(b) ensure that its Anti-Money Laundering policies, procedures, systems and controls adequately mitigate the risks identified as part of the assessment in Rule 6.1.1;
(c) assess the effectiveness of its Anti-Money Laundering policies, procedures, systems and controls as required by Rule 6.2.1(c);
(d) assist in the allocation and prioritisation of Anti-Money Laundering resources; and
(e) assist in the carrying out of the customer risk assessment under Chapter 7.
Amended on (15 April, 2019).