FC-A.2.3
Past version: Effective from 01 Oct 2007 to 31 Mar 2008
To view other versions open the versions tab on the right
A list of recent changes made to this Module is detailed in the table below:
| Module Ref. | Change Date | Description of Changes |
| FC-A.1; FC-2; FC-3; FC-5; FC-6.1; FC-6.2; FC-6.5 |
01/07/05 | Inclusion of a revised and renamed Customer Due Diligence Chapter (including a new non-face-to-face business Section). Renamed Suspicious Transaction Reporting Chapter, with minor clarifications to the text. Changes to layout of FC-5 and clarifications to the text. Correction of minor typographical and cross-referencing errors. |
| FC | 01/10/05 | New Chapter on Non-Cooperative Countries/Territories, and UN notifications. Section on charities removed, since not applicable to insurance licensees. Extensive drafting changes to remainder of text, to improve clarity and ensure consistency across different CBB Rulebooks; but no other changes of substance. |
| FC-1.2 | 01/01/06 | Clarified in FC-1.2.11 that the verification for item (a) applies to the identity of the ultimate provider of funds. |
| FC-3.1.7 | 01/04/06 | Clarified and added guidance Paragraph dealing with residency requirements of MLRO. |
| FC-4.3.1 | 01/07/06 | Updated contact information for Compliance Directorate. |
| FC-A.1.4 | 01/2007 | New Rule introduced, categorising this Module as a Directive |
| FC-1.6.3 | 01/2007 | Clarified simplified due diligence rules for transactions under BD6,000. |
| FC-3.3.5A and FC-3.3.7 | 01/2007 | Allowed for a transition period for the external auditor’s report required under SubParagraph FC-3.3.1(d) and clarified when all reports are due. |
| FC-4.3.1 | 01/2007 | Updated new e-mail address for Compliance Directorate. |
| FC-1.7.2(d) | 10/2007 | Clarified the record retention period for introduced business in line with Article 60 of the CBB Law |
| FC-2.2.3, FC-2.2.6, FC-4.2.5, FC-6.1.1, FC-6.1.2, FC-6.1.3 |
10/2007 | Clarified the record retention period for various transactions to be in line with Article 60 of the CBB Law |
| FC-3.3.2 | 10/2007 | Clarified the appointment of external auditors for the purposes of the report required under Paragraph FC-3.3.1 (d) |
| FC-10.1.11 | 10/2007 | Added reference to new Guidance paper on fraud issued by the IAIS. |