4‑6 Information relating to AML/CTF poli4‑6 Information relating to AML/CTF policies

4‑6 Information relating to AML/CTF policies

(1) The application must contain information setting out the AML/CTF policies that the candidate has in relation to the following matters: (a) appropriately managing and mitigating the risks of money laundering, financing of terrorism and proliferation financing that the candidate may reasonably face in providing its registrable services; (b) ensuring the candidate complies with the obligations imposed by the Act, the regulations and the AML/CTF Rules on the candidate; (c) undertaking due diligence in relation to persons who are, or will be, employed or otherwise engaged by the candidate and who perform, or will perform, functions relevant to the candidate’s obligations under the Act; (d) providing training to persons who are employed or otherwise engaged by the candidate and who perform, or will perform, functions relevant to the candidate’s obligations under the Act in relation to: (i) the risk of money laundering, financing of terrorism and proliferation financing that the candidate may reasonably face in providing its registrable services; and (ii) the obligations imposed by the Act, the regulations and the AML/CTF Rules on the candidate; (e) reviewing and updating the AML/CTF policies; (f) carrying out customer due diligence in accordance with Part 2 of the Act, including: (i) complying with obligations under that Part in relation to politically exposed persons; and (ii) any use of distributed ledger technology for the purposes of carrying out that due diligence. (2) The application must include the full name and business address of any training provider used to deliver training mentioned in paragraph (1)(d) within the period of 12 months before the application is made.