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)