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  • General Requirements

    • AU-1.2.1

      Licensees must obtain the CBB's prior written approval for any person wishing to undertake a controlled function at a licensee. The approval from the CBB must be obtained prior to their appointment, subject to the variations contained in Paragraph AU-1.2.3.

      Amended: January 2016
      October 2010

    • AU-1.2.2

      Controlled functions are those functions occupied by board members and persons in executive positions and include:

      (a) Director;
      (b) Chief Executive or General Manager;
      (c) Head of function;
      (d) Compliance Officer; and
      (e) Money Laundering Reporting Officer (MLRO).
      Amended: January 2016
      October 2010

    • AU-1.2.3

      Prior approval is required for all of the above controlled functions. Combination of the above controlled functions is subject to the requirements contained in Modules HC and RM. Controlled functions (b) to (e) are in relation to Bahrain operations.

      Amended: January 2013
      October 2010