CmaBylaw
Executive Bylaws
3-42 Of Module Sixteen: Anti-Money Laundering and Combating Financing of Terrorism
Section: Chapter Three: Clients
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Thursday, 16 February 2017
A Licensed Person must scrutinize and pay attention to business relationships or transactions with clients or financial institutions from countries which do not or insufficiently apply the FATF recommendations. Where the Authority advises the Licensed Person that such country insufficiently applies the FATF recommendations, the Licensed Person shall treat all business relationships and transactions from that county as high risk and shall apply the measures set out in Article (3-21) of this Chapter.
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