Legal Notice No. 392 of 2014 FOR 2014 - Financial Obligations (Amendament) Regulations 2014

Share: 

These Regulations amend the Financial Obligations Regulations, 2010 establishing that a listed business shall designate a Compliance Person, who shall be a senior employee or other competent professional as approved by the FIU. A financial institution shall take appropriate steps to identify, asses and understand their money laundering risks for customers and products and the measures to be taken to manage and mitigate such risks.

Financial groups shall ensure that group-wide programmes against money laundering are implemented in all branches and subsidiaries of the financial group.

 

Document Details

Document Type: 
Document Topic: 
Doument Author (Entity): 
Authoring Country: 
Issue Status: 
Year of Document: 
2014
Date of Document: 
Thursday, November 27, 2014
Document Authors: 
L. Howai Minister of Finance and the Economy
Language (This Document): 
English

Legal Disclaimer: The content appearing on this site is for general information purposes only and made available on an "AS-IS" basis. The law is subject to change and no representation or warranty is made with regard to accuracy or fitness for a particular purpose.