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FC-5.2.2

To take reasonable steps, as required under Paragraph FC-5.2.1, conventional bank licensees must:

(a) require the MLRO to consider reports made under Section FC-5.1.3 in the light of all relevant information accessible to or reasonably obtainable by the MLRO;
(b) permit the MLRO to have access to any information, including know your customer information, in the conventional bank licensee's possession which could be relevant; and
(c) ensure that where the MLRO, or his duly authorised delegate, suspects that a person has been engaged in money laundering or terrorist financing, a report is made by the MLRO which is not subject to the consent or approval of any other person.