• AML/CFTR Part 1.1 AML/CFTR Part 1.1 Introductory

    • AML/CFTR 1.1.1 Name of rules

      These rules are the Anti-Money Laundering and Combating the Financing of Terrorism Rules 2019 (AML/CFTR).

      Derived by QFCRA RM/2019-8 (as from 1st February 2020)

    • AML/CFTR 1.1.2 Commencement

      These rules commence on 1 February 2020.

      Derived by QFCRA RM/2019-8 (as from 1st February 2020)

    • AML/CFTR 1.1.4 Application of these rules

      (1) These rules apply to firms that conduct business or activities in or from this jurisdiction.
      (2) A reference in these rules to a firm is a reference to a firm that conducts, and so far as it conducts, business or activities in or from this jurisdiction, unless these rules otherwise provide.
      (3) However, these rules do not apply to a firm to which the Anti-Money Laundering and Combating the Financing of Terrorism (General Insurance) Rules 2019 (AMLG) apply. A reference in these rules to a firm does not include such a firm.

      Note The AMLG apply to a firm that conducts only either or both of (a) general insurance business and (b) insurance mediation in relation to either or both of general insurance contracts and non-investment insurance contracts.
      Derived by QFCRA RM/2019-8 (as from 1st February 2020)

    • AML/CFTR 1.1.5 Effect of definitions, notes and examples

      (1) A definition in the Glossary also applies to any instructions or document made under these rules.
      (2) A note in or to these rules is explanatory and is not part of these rules. However, examples and guidance are part of these rules.
      (3) An example is not exhaustive, and may extend, but does not limit, the meaning of these rules or the particular provision of these rules to which it relates.

      Note Under FSR, art 17 (4), guidance is indicative of the view of the Regulatory Authority at the time and in the circumstances in which it was given.
      Derived by QFCRA RM/2019-8 (as from 1st February 2020)

    • AML/CFTR 1.1.6 References to particular currencies

      In these rules, the specification of an amount of money in a particular currency is also taken to specify the equivalent sum in any other currency at the relevant time.

      Derived by QFCRA RM/2019-8 (as from 1st February 2020)