AML/CFTR 2.1.5 Compliance by officers, employees, agents etc

(1) A firm must ensure that its officers, employees, agents and contractors, wherever they are, comply with:
(a) the requirements of the AML/CFT Law and these rules; and
(b) its AML/CFT policies, procedures, systems and controls;
except so far as the law of another jurisdiction prevents this subrule from applying.
(2) Without limiting subrule (1), the firm's AML/CFT policies, procedures, systems and controls:
(a) must require officers, employees, agents and contractors, wherever they are, to provide the firm's MLRO with suspicious transaction reports for transactions in, from or to this jurisdiction; and
(b) must provide timely, unrestricted access by the firm's senior management and MLRO, and by the Regulator and FIU, to documents and information of the firm, wherever they are held, that relate directly or indirectly to its customers or accounts or to transactions in, from or to this jurisdiction;
except so far as the law of another jurisdiction prevents this subrule from applying.
(3) Subrule (2) (a) does not prevent a suspicious transaction report also being made in another jurisdiction for a transaction in, from or to this jurisdiction.
(4) This rule does not prevent the firm from applying higher, consistent standards in its AML/CFT policies, procedures, systems and controls in relation to customers whose transactions or operations extend over 2 or more jurisdictions.
(5) If the law of another jurisdiction prevents a provision of this rule from applying to an officer, employee, agent or contractor of the firm, the firm must immediately tell the Regulator about the matter.
Derived by QFCRA RM/2019-8 (as from 1st February 2020)