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AML-3.2.1

The MLRO is responsible for:

(a) Establishing and maintaining the Capital Market Licensee's AML/CFT policies and procedures;
(b) Ensuring that the Capital Market Licensees complies with the AML Law, any other applicable AML/CFT legislation and this Module;
(c) Ensuring day-to-day compliance with the Capital Market Licensee's own internal AML/CFT policies and procedures;
(d) Acting as the Capital Market Licensee's main point of contact in respect of handling internal Suspicious Transaction Reports from the Capital Market Licensee's staff (refer to section AML-4.1) and as the main contact for the Financial Intelligence Directorate, the CBB and other concerned bodies regarding AML/CFT;
(e) Making external Suspicious Transaction Reports to the Financial Intelligence Directorate and the Compliance Directorate (refer to section AML-4.2);
(f) Taking reasonable steps to establish and maintain adequate arrangements for staff awareness and training on AML/CFT matters (whether internal or external), as per Chapter AML-5;
(g) Producing annual reports on the effectiveness of the Capital Market Licensee's AML/CFT controls, for consideration by senior management, as per rule AML-3.3.3 and following-up on the status of any anomaly identified or remedial measure required by the CBB;
(h) On-going monitoring of what may, in his opinion, constitute high-risk customer accounts; and
(i) Ensuring that the Capital Market Licensee maintains all necessary CDD, transactions, STR and staff training records for the required periods (refer to section AML-6.1).
Amended: January 2022
Amended: October 2019
Amended: July 2016
Added: October 2010