CTHIn ForceLegislation
Anti-Money Laundering and Counter-Terrorism Financing Rules 2025
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Anti-Money Laundering and Counter-Terrorism Financing Rules 2025
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(1) For the purposes of paragraph 26F(7)(a) of the Act, this section specifies requirements in relation to the matter mentioned in paragraph 26F(4)(d) of the Act (undertaking due diligence in relation to persons who are, or will be, employed or otherwise engaged by the reporting entity). (2) The AML/CTF policies of the reporting entity must require the reporting entity, as part of undertaking that due diligence, to assess, both before a person’s employment or engagement and during a person’s employment or engagement: (a) the person’s skills, knowledge and expertise relevant to the particular responsibilities of the person under the AML/CTF policies; and (b) the person’s integrity.