FC-4.1.4

Past version: Effective from 01 Oct 2009 to 30 Jun 2016
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Conventional bank licensees must appoint at least one deputy MLRO (or more depending on the scale and complexity of the licensee's operations) to act for the MLRO in his absence. The position of Deputy MLRO is a controlled function and the DMLRO is an approved person. The DMLRO must be approved by CBB prior to his appointment. The DMLRO must satisfy the conditions outlined in Paragraph FC-4.1.6d to g.

Amended: October 2009
October 2007