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  • Record-Keeping

    • CIU-3.1.10

      Bahrain domiciled exempt CIUs must make and retain for 5 years such records that enable:

      (a) The CIU and its relevant persons, as appropriate, to comply with the rules in Chapter CIU-3; and
      (b) The CIU to demonstrate at any time that such compliance has been achieved.

    • CIU-3.1.11

      The obligation under Rule CIU-3.1.10 is additional to any record-keeping requirements that may apply as a result of applicable laws (such as the commercial companies laws), and any regulatory requirements that may apply to relevant persons that are licensed institutions (such as the CBB's record-keeping requirements applicable to CBB licensees).

    • CIU-3.1.12

      Bahrain domiciled exempt CIUs and their relevant persons are reminded that they must also comply with all applicable AML/CFT laws and regulations. Relevant persons that are CBB licensees are required to comply with the relevant CBB Rulebook Volume in this respect.