AML/CFTR 2.3.7 MLRO reports
(1) The senior management of a firm must, on a regular basis, decide what reports should be given to it by the MLRO, and when the reports should be given to it, to enable it to discharge its responsibilities under the AML/CFT Law and these rules.
(2) However, the MLRO must give the senior management a report that complies with rule 2.3.8 (Minimum annual report by MLRO) for each calendar year. The report must be given in time to enable compliance with rule 2.3.9 (2).
(3) To remove any doubt, subrule (2) does not limit the reports:
(a) that the senior management may require to be given to it; or
(b) that the MLRO may give to the senior management on the MLRO's own initiative to discharge the MLRO's responsibilities under the AML/CFT Law and these rules.
|Derived by QFCRA RM/2019-8 (as from 1st February 2020)|