AML/CFTR 1.2.1 Principle 1 — responsibilities

The Governing Body of a firm is responsible for approving the policies, procedures, systems and controls necessary to ensure the effective prevention of money laundering and terrorism financing. The senior management of the firm must ensure that the policies, procedures, systems and controls are implemented, and that they appropriately and adequately address the requirements of the AML/CFT Law and these rules.

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