AML-A.2.3
A list of recent changes made to this Module is detailed in the table below:
Module Ref. | Change Date | Description of Changes |
AML-A.1.3 | 07/2011 | Clarified legal basis. |
AML-7.1 | 07/2011 | Clarified the Rules dealing with substantial shareholdings. |
AML-4.2.3 | 10/2014 | Updated method of submitting STRs. |
AML-4.4 | 10/2014 | Updated relevant authorities information. |
AML | 07/2016 | Updated to reflect February 2012 update to FATF Recommendations. |
AML-4.2.3 | 07/2016 | Updated instructions for STR. |
AML-1.2.9A | 01/2017 | Added guidance paragraph on CR printing |
AML-9.2.1AA | 04/2017 | Added Paragraph on Implementing and complying with the United Nations Security Council resolutions requirement. |
AML-1.1.2A | 10/2017 | Added new paragraph on the verification of identity and source of funds. |
AML-1.1.2B | 10/2017 | Added new paragraph on the verification of identity and source of funds. |
AML-1.2.7 | 10/2017 | Amended paragraph. |
AML-1.2.8A | 10/2017 | Added new paragraph on legal entities or legal arrangements CDD. |
AML-2.2.10 – AML-2.2.11 | 10/2017 | Amended paragraphs on On-going CSS and Transaction Monitoring. |
AML-3.1.4A | 10/2017 | Added paragraph on combining the MLRO or DMLRO position with any other position within the licensee. |
AML-B.2.4 | 01/2018 | Amended paragraph. |
AML-1.8.1 | 01/2018 | Amended paragraph. |
AML-1.10.1 | 01/2018 | Deleted sub-paragraph (a). |
AML-4.2.6 | 01/2018 | Amended paragraph. |
AML-9.1.4 | 01/2018 | Amended paragraph. |
AML-9.2.2 | 01/2018 | Deleted paragraph. |
AML-1.1.2 | 07/2018 | Deleted Sub-paragraph (a). |
AML-1.10.2 | 07/2018 | Amended Paragraph deleting cross reference. |
AML-1.10.3 | 07/2018 | Deleted Paragraph. |
AML-1.10.9 | 07/2018 | Deleted Paragraph. |
AML-1.10.1 | 01/2019 | Amended references. |
AML-3.3.2 | 01/2019 | Amended references. |
AML-3.3.4 — AML-3.3.5 | 01/2019 | Amended references. |
AML-1.2.9A | 10/2019 | Amended reference. |
AML-1.9.2 | 10/2019 | Amended authority name. |
AML-3.1.8 | 10/2019 | Amended authority name. |
AML-3.2.1 | 10/2019 | Amended authority name. |
AML-4.2.3 | 10/2019 | Amended authority name. |
AML-4.4.2 | 10/2019 | Amended authority name. |
AML-7.1.2 | 10/2019 | Deleted Paragraph. |
AML-9.2.1AA | 10/2019 | Added a new Paragraph on Terrorist Financing. |
AML-B.1.1 | 01/2020 | Added “ crypto-asset licensees”. |
AML-B.1.3 | 01/2020 | Deleted Paragraph. |
AML-B.3 | 01/2020 | Deleted Section. |
AML-C | 01/2020 | Added new Chapter “Risk Based Approach”. |
AML-1 | 01/2020 | Rename the Chapter to “Customer Due Diligence”. |
AML-1.1.1 | 01/2020 | Amended Paragraph on procedures approval. |
AML-1.1.2 | 01/2020 | Added sub-paragraph (i). |
AML-1.1.14 – AML-1.1.16 | 01/2020 | Added new paragraphs on “Suspicious Wallet Addresses”. |
AML-1.2.1 | 01/2020 | Added sub-paragraph (n). |
AML-1.2.5 | 01/2020 | Added new sub-paragraph (f). |
AML-1.3.4 | 01/2020 | Added new paragraph. |
AML-1.4.7 | 01/2020 | Added new paragraph. |
AML-1.5.4 | 01/2020 | Deleted paragraph. |
AML-1.9 | 01/2020 | Rename the section to “Shell financial Institutions”. |
AML-1.9.1 | 01/2020 | Amended paragraph. |
AML-1.11 | 01/2020 | Added new section “Enhanced Due Diligence for Correspondent Accounts” |
AML-2.2.1 | 01/2020 | Amended Paragraph. |
AML-2A | 01/2020 | Added new chapter. |
AML-3.1.5 | 01/2020 | Amended Paragraph. |
AML-3.1.5A | 01/2020 | Added Paragraph. |
AML-3.1.7 | 01/2020 | Amended sub-Paragraph (a). |
AML-3.3.2 | 01/2020 | Amended Paragraph. |
AML-3.3.5 | 01/2020 | Amended Paragraph on report submission date. |
AML-3.3.2A – AML-3.3.2E | 01/2020 | Added Paragraphs. |
AML-6.1.1A – AML-6.1.1C | 01/2020 | Added Paragraphs. |
AML-8.1.1 | 01/2020 | Deleted Paragraph. |
AML-8.1.1A | 01/2020 | Added Paragraph. |
AML-11.1.2 | 01/2020 | Added Paragraph. |
AML-2.1.3 & AML-2.1.4 | 04/2020 | Added new Paragraphs on KPIs compliance with AML/CFT requirements. |
AML-5.1.6A | 01/2021 | Added a new Paragraph on requirements to hire new employees. |
AML-A.1.3 | 01/2022 | Amended Paragraph to replace financial crime with money laundering and terrorism financing. |
AML-C | 01/2022 | New revised risk-based approach (RBA). |
AML-1.1 | 01/2022 | Amended Section to introduce additional rules for non-resident customers, amendments to customers onboarded prior to full completion of customer due diligence, digital onboarding etc. |
AML-1.2 | 01/2022 | Amended Section to include E-KYC and electronic documents law requirements. |
AML-1.3.2 | 01/2022 | Amended Paragraph on enhanced due diligence requirements for customers identified as having higher risk profile. |
AML-1.4 | 01/2022 | Amended Section to introduce detailed requirements for digital onboarding and related requirements. |
AML-1.5.2 | 01/2022 | Amended Paragraph on onboarding non-Bahraini PEPs using digital ID applications. |
AML-1.10.8A | 01/2022 | Added a new Paragraph on not applying simplified CDD in situations where the licensee has identified high ML/TF/PF risks. |
AML-2.2.5 | 01/2022 | Amended Paragraph. |
AML-3.3.1B | 01/2022 | Amended Paragraph. |
AML-3.3.2 | 01/2022 | Amended Paragraph. |
AML-3.3.5 | 01/2022 | Amended Paragraph. |
AML-3.3.6 | 01/2022 | Deleted Paragraph. |
AML-5.1.6A | 01/2022 | Deleted Paragraph. |
AML-9.2.5 | 01/2022 | Amended reference to Paragraph. |
AML | 01/2022 | Changed Licensee name to Capital Market Licensees across Module. |
AML-C.2.9 | 01/2023 | Minor amendment to Paragraph. |
AML-9.2.4(c) | 01/2023 | Added a new Sub-paragraph on reporting any frozen assets or actions taken. |
AML-1.1.17 | 10/2023 | Amended Sub-Paragraph on the enhanced diligence for the non-resident accounts. |
AML-1.1.23 | 10/2023 | Deleted Paragraph. |
AML-1.1.24 | 10/2023 | Added a new Paragraph on CDD and Customer onboarding requirements. |
AML-1.4.14 | 10/2023 | Deleted Paragraph. |
AML-1.12 | 10/2023 | Added a new Section on reliance on third parties for customer due diligence. |
AML-1.2.1 | 01/2024 | Amended Paragraph on customer due diligence. |