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  • General Requirements

    • AU-1.3.1

      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.

      April 2016

    • AU-1.3.2

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

      (a) Member of the Board of Directors;
      (b) Chief executive or general manager and their deputies;
      (c) Head of function;
      (d) Compliance officer; and
      (e) Money Laundering Reporting Officer (for PSPs).
      April 2016

    • AU-1.3.3

      Combination of the above controlled functions is subject to the requirements contained in Module HC.

      April 2016