AML-3.1.7
Past version: Effective from 01 Oct 2010 to 30 Sep 2021
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So that he can carry out his functions effectively,
(a) Is a Director or a member of senior management of the Capital Market Service Provider ;
(b) Has a sufficient level of seniority within the Capital Market Service Provider , has the authority to act without interference from business line management and has direct access to the Board and senior management (where necessary);
(c) Has sufficient resources, including sufficient time and (if necessary) support staff, and has designated a replacement to carry out the function should the MLRO be unable to perform his duties;
(d) Has unrestricted access to all transactional information relating to any financial services provided by the Capital Market Service Provider to that customer, or any transactions conducted by the Capital Market Service Provider on behalf of a customer;
(e) Is provided with timely information needed to identify, analyze and effectively monitor customer accounts;
(f) Has access to all customer due diligence information obtained by the Capital Market Service Provider ; and
(g) Is resident in Bahrain.
October 2010