AML/CFTR 5.1.6 External reporting policies etc
(1) A firm must have clear and effective policies, procedures, systems and controls for reporting to the FIU all known or suspected instances of money laundering or terrorism financing.
(2) The policies, procedures, systems and controls must enable the firm:
(a) to comply with the AML/CFT Law and these rules in relation to the prompt making of suspicious transaction reports to the FIU; and
(b) to cooperate effectively with the FIU and law enforcement agencies in relation to suspicious transaction reports made to the FIU.
|Derived by QFCRA RM/2019-8 (as from 1st February 2020)|