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  • General Requirement

    • AU-1.4.1

      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.

      Amended: January 2016
      January 2014

    • AU-1.4.2

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

      (a) Director;
      (b) Chief executive or general manager and their deputies;
      (c) Head of function; and
      (d) Compliance officer/Money Laundering Reporting Officer (MLRO).
      Amended: January 2016
      January 2014

    • AU-1.4.3

      Combination of the above controlled functions is subject to the requirements contained in Modules HC and RM.

      January 2014