Versions

 

Guidance

1. Chapters 7 to 9 of the AML Rulebook deal with customers. As a Representative Office does not have customer these chapters do not apply.
2. Chapter 10 of the AML Rulebook deals with correspondent banking, electronic transfer of funds and audits.
3. Relevant Persons should consider these Chapters and determine which provisions apply. To assist Relevant Persons the following table sets out the application of the AML Rulebook to each of the different types of Relevant Persons specified in Rule 1.2.1(1). This table is for guidance purposes only.

Application table

Relevant Person Applicable Chapter(s)
Authorised Person (other than a credit Rating Agency) or Recognised Body 114
Representative Office 16 1114
DNFBP 19 1115
NPO 16

Added on (15 April, 2019).