News

Advisers to do AML due diligence for fund managers

Thursday 14th of August 2014

Under the AML rules, each reporting entity must have due diligence processes in place to screen each customer for money-laundering and terrorism-financing risk.

The exemption aims to streamline the situation where reporting entities deal with each other and potentially both have to conduct due diligence on the customer to meet their requirements under the AML rules. It would allow for si...

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