AML/CFTR 2.1.4 Assessment and review of policies etc

A firm must carry out regular assessments of the adequacy of, and at least annually review the effectiveness of, its AML/CFT policies, procedures, systems and controls in preventing money laundering and terrorism financing.

Note For other annual assessments and reviews, see:

•   rule 2.3.8 (Minimum annual report by MLRO)
•   rule 2.3.9 (Consideration of MLRO reports)
•   rule 3.3.5 (3) (Correspondent banking relationships generally)
•   rule 3.3.12 (3) (Correspondent securities relationships generally).
Derived by QFCRA RM/2019-8 (as from 1st February 2020)