AML/CFTR 3.4.9 Introducers
(1) This rule applies in relation to a customer introduced to a firm by a third party (the introducer) if:
(a) the introducer's function in relation to the customer is merely to introduce the customer to the firm; and
(b) the firm is satisfied that the introducer:
(i) is regulated and supervised (at least for AML and CFT purposes) by the Regulator or by an equivalent regulatory or governmental authority, body or agency in another jurisdiction;
(ii) is subject to the AML/CFT Law and these rules or to equivalent legislation of another jurisdiction;
(iii) is based, or incorporated or otherwise established, in Qatar or a foreign jurisdiction that has an effective AML/CFT regime; and
(iv) is not subject to a secrecy law or anything else that would prevent the firm from obtaining any information or original documentation about the customer that the firm may need for AML and CFT purposes.
(2) The firm may rely on the CDD conducted by the introducer for the customer and need not:
(a) conduct CDD itself for the customer; or
(b) obtain any of the original documents obtained by the introducer in conducting CDD for the customer.
(3) However, the firm must not start a business relationship with the customer relying on subrule (2) unless:
(a) it has received from the introducer an introducer's certificate for the customer;
(b) it has received from the introducer all information about the customer obtained from the CDD conducted by the introducer for the customer that it would need if it had conducted the CDD itself; and
(c) it has, or can immediately obtain from the introducer on request, a copy of every document relating to the customer that it would need if it were conducting CDD itself for the customer.
|Derived by QFCRA RM/2019-8 (as from 1st February 2020)|