AML-3.1.6

Capital Market Licensees should note that although the MLRO may delegate some of his functions, either to other employees of the Capital Market Licensees or even (in the case of larger groups) to individuals performing similar functions for other group entities, the responsibility for compliance with the requirements of this Module remains with the Capital Market Licensees and the designated MLRO. The deputy MLRO should be able to support the MLRO discharge his responsibilities and to deputise for him in his absence.

Amended: January 2022
Added: October 2010