AML/CFTR 5.1.9 Firm may restrict or terminate business relationship
(1) This Division does not prevent a firm from restricting or terminating, for normal commercial reasons, its business relationship with a customer after the firm makes a suspicious transaction report about the customer to the FIU.
(2) The firm must ensure that restricting or terminating the business relationship does not inadvertently result in tipping-off the customer.
(3) If the firm restricts or terminates a business relationship with a customer, it must immediately tell the Regulator about the restriction or termination.
|Derived by QFCRA RM/2019-8 (as from 1st February 2020)|