CmaBylaw
Executive Bylaws
7-6 Auditing Of Module Sixteen: Anti-Money Laundering and Combating Financing of Terrorism
Section: Chapter Seven: Continuing Obligations
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Thursday, 16 February 2017
A Licensed Person shall establish an adequately resourced and independent internal audit functions to verify the compliance with the internal policies, procedures, systems and controls and ensure their effectiveness and conformity with the provisions of the Anti-Money Laundering and Combating Financing of Terrorism Law and these Bylaws. The internal audit in the Licensed Person shall regularly assess the effectiveness of the licensed person’s internal anti-money laundering and combating terrorism financing policies, procedures and controls.
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