The DFSA Rulebook Anti-Money Laundering, Counter-Terrorist Financing and Sanctions Module (AML)

AML/VER27/03-25

1. INTRODUCTION 

1.1 Application 

1.1.1 This module (AML) applies to: 

a. every Relevant Person in respect of all its activities carried on in or from the DIFC;  

b. the persons specified in Rule 1.2.1 as being responsible for a Relevant Person’s compliance with this module; and 

c. a Relevant Person, which is a DIFC entity, to the extent required by Rule 14.1. except to the extent that a provision of AML provides for a narrower application. 

1.1.2 For the purposes of these Rules, a Relevant Person means:  

a. an Authorised Firm other than a Credit Rating Agency; 

b. an Authorised Market Institution;  

c. a DNFBP; or 

d. a Registered Auditor. 

1.2 Responsibility for compliance with this module 

1.2.1

1. Responsibility for a Relevant Person’s compliance with this module lies with every member of its senior management. 

2. In carrying out their responsibilities under this module every member of a Relevant Person’s senior management must exercise due skill, care and diligence. 

3. Nothing in this Rule precludes the DFSA from taking enforcement action against any person ...