AML-4.2.6
Past version: Effective from 01 Jan 2018 to 30 Sep 2021
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In accordance with the AML Law,
(a) Must not warn or inform ('tipping off') their customers, the beneficial owner or other subjects of the STR when information relating to them is being reported to the Relevant Authorities ; and
(b) In cases where Capital Market Service Providers form a suspicion that transactions relate to money laundering or terrorist financing, they must take into account the risk of tipping-off when performing the CDD process. If the Capital Market Service Provider reasonably believes that performing the CDD process will tip-off the customer or potential customer, it may choose not to pursue that process, and must file an STR.
Amended: January 2018
Amended: July 2016
October 2010
Amended: July 2016
October 2010