FC-A.2.2
A list of recent changes made to this Module is detailed in the table below:
| Module Ref. | Change Date | Description of Changes |
| FC-A.1.4 | 01/2011 | Clarified legal basis. |
| FC-B.1.1 | 07/2011 | Exempted administrators from specific sections of this Module. |
| FC-4.1.7 | 04/2012 | Clarified requirements for MLRO. |
| FC-4.3 | 04/2012 | Amended Section to allow for CBB-approved consultancy firm to do required sample testing and report under Paragraph FC-4.3.1. |
| FC-B.1.1 | 10/2012 | Amended the scope of application to have a limited scope for ancillary services providers and to expand the role of the general managers for those licensees allowed to follow only certain Chapters of Module FC. |
| FC-1.2.3(b) | 01/2013 | Clarified location of guidance under Part B Supplementary Information Appendix FC-(v). |
| FC-1.2.11(f) and FC-1.2.11A | 04/2013 | Provided additional details when dealing with employee benefit trusts and occupational savings schemes. |
| FC-1.10.1 | 04/2013 | Updated language to refer to licensed exchange. |
| FC-2.2.3A | 04/2013 | Guidance Paragraph added for trust service providers on automatic transaction monitoring. |
| FC-7.1.4 | 04/2013 | Reference made to the use of electronic records. |
| FC-5.2.3 | 10/2014 | Updated method of submitting STRs. |
| FC-5.3 | 10/2014 | Updated relevant authorities information. |
| FC-1.2.8 | 07/2016 | Change made for consistency across CBB Rulebook. |
| FC-1.5.4 | 07/2016 | Definition of PEPs is already included in Glossary so this guidance paragraph was deleted. |
| FC-5.2.3 | 07/2016 | Updated instructions for STR. |
| FC-1.2.9A | 01/2017 | Added guidance paragraph on CR printing |
| FC-8.2.1AA | 04/2017 | Added new Paragraph on Implementing and complying with the United Nations Security Council resolutions requirement. |
| FC-1.1.2A and FC-1.1.2B | 10/2017 | Added new paragraphs on CDD requirements. |
| FC-1.2.7 | 10/2017 | Amended paragraph. |
| FC-1.2.8A | 10/2017 | Added new paragraph on legal entities or legal arrangements CDD. |
| FC-2.2.10 – FC- 2.2.11 | 10/2017 | Amended paragraphs on On-going CDD and Transaction Monitoring. |
| FC-4.1.4A | 10/2017 | Added paragraph on combining the MLRO or DMLRO position with any other position within the licensee. |
| FC-B.2.4 | 01/2018 | Added new paragraph on implementation of groupwide programmes against money laundering and terrorist financing. |
| FC-1.7.1 | 01/2018 | Amended paragraph. |
| FC-1.10.1 | 01/2018 | Deleted paragraph. |
| FC-5.2.6 | 01/2018 | Amended paragraph. |
| FC-8.1.3 | 01/2018 | Added new paragraph on due diligence measures (FATF). |
| FC-8.1.4 | 01/2018 | Added new guidance paragraph. |
| FC-8.2.2 | 01/2018 | Deleted paragraph. |
| FC-1.1.2 | 07/2018 | Deleted sub-paragraph (a). |
| FC-1.9 | 07/2018 | Amended Section title deleting the threshold. |
| FC-1.9.2 | 07/2018 | Amended Paragraph deleting the threshold. |
| FC-1.10.1 | 07/2018 | Deleted sub-paragraph (a). |
| FC-1.10.3 | 07/2018 | Deleted Paragraph. |
| FC-1.10.8 | 07/2018 | Deleted Paragraph. |
| FC-1.10.1 | 01/2019 | Amended reference. |
| FC-B.1.1 | 10/2019 | Amended Paragraph on scope of application. |
| FC-1.6.4 | 10/2019 | Amended Paragraph on societies and clubs fund transfers. |
| FC-1.8.2 | 10/2019 | Amended authority name. |
| FC-4.1.8 | 10/2019 | Amended authority name. |
| FC-4.2.1 | 10/2019 | Amended authority name. |
| FC-5.2.3 | 10/2019 | Amended authority name. |
| FC-5.3.2 | 10/2019 | Amended authority address. |
| FC-8.2.1AA | 10/2019 | Amended Paragraph on terrorist financing. |
| FC-1.1.1 | 01/2020 | Amended Paragraph on procedures approval. |
| FC-1.2.1 | 01/2020 | Added a new Sub-paragraph. |
| FC-4.3.5 | 01/2020 | Amended Paragraph on report submission date. |
| FC-4.3.7 | 01/2020 | Amended Paragraph references. |
| FC-2.1.3 & FC-2.1.4 | 04/2020 | Added new Paragraphs on KPIs compliance with AML/CFT requirements. |
| FC-1.1.5A | 01/2021 | Added a new Paragraph on onboarding of customers by financing companies. |
| FC-1.1.5B | 01/2021 | Added a new Paragraph on enhanced due diligence for high risk profiles. |
| FC-3.1.5 | 01/2021 | Added a new Paragraph on rejecting payment transactions. |
| FC-6.1.6A | 01/2021 | Added a new Paragraph on requirements to hire new employees. |
| FC-6.1.6A | 07/2021 | Amended Paragraph on requirements to hire new employees. |
| FC-A.1.4 | 01/2022 | Amended Paragraph to replace financial crime with money laundering and terrorism financing. |
| FC-B.1.1 | 01/2022 | Amended Paragraph by adding reference to Section FC-C. |
| FC-C | 01/2022 | New chapter on risk-based approach (RBA). |
| FC-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. |
| FC-1.2 | 01/2022 | Amended Section to include E-KYC and electronic documents law requirements. |
| FC-1.3.2 | 01/2022 | Added new guidance on enhanced due diligence requirements for customers identified as having higher risk profile. |
| FC-1.4 | 01/2022 | Amended Section to introduce detailed requirements for digital onboarding and related requirements. |
| FC-1.5.2 | 01/2022 | Amended Paragraph on onboarding non-Bahraini PEPs using digital ID applications. |
| FC-1.10.7A | 01/2022 | Added a new Paragraph on not applying simplified CDD in situations where the licensee has identified high ML/TF/PF risks. |
| FC-2.1.5 | 01/2022 | Added a new Paragraph on including remitting agents in programmes for monitoring. |
| FC-2.2.5 | 01/2022 | Amended Paragraph. |
| FC-3.1.6 – FC-3.1.8 | 01/2022 | Added new Paragraphs on Originating Financial Institutions. |
| FC-3.1.9 – FC-3.1.12 | 01/2022 | Added new Paragraphs on Intermediary Financial Institution/Bank. |
| FC-3.1.13 - FC-3.1.15 | 01/2022 | New Paragraphs on Beneficiary Financial Institutions. |
| FC-4.3.1 | 01/2022 | Amended Paragraph. |
| FC-4.3.2 | 01/2022 | Amended Paragraph. |
| FC-4.3.5 | 01/2022 | Amended Paragraph. |
| FC-4.3.6 | 01/2022 | Deleted Paragraph. |
| FC-4.3.7 | 01/2022 | Deleted Paragraph. |
| FC-6.1.6A | 01/2022 | Deleted Paragraph. |
| FC-C.2.3 | 01/2023 | Minor amendment to Paragraph. |
| FC-8.2.4(c) | 01/2023 | Added a new Sub-paragraph on reporting any frozen assets or actions taken. |
| FC-1.1.5A | 10/2023 | Deleted Paragraph. |
| FC-1.1.13A | 10/2023 | Amended Sub-Paragraph on the enhanced diligence for the non-resident accounts. |
| FC-1.1.13E | 10/2023 | Deleted Paragraph. |
| FC-1.1.13I | 10/2023 | Deleted Paragraph. |
| FC-1.1.14 | 10/2023 | Added a new Paragraph on CDD and Customer onboarding requirements. |
| FC-1.11 | 10/2023 | Added a new Section on reliance on third parties for customer due diligence. |
| FC-1.2.1 | 01/2024 | Amended Paragraph on customer due diligence. |