NON-RESIDENCE MONEY LAUNDERING REPORTING OFFICER REPORT
Authorised/Licensed Firm’s Name:QFC Number:
Reporting period:
Date of submission to the Regulatory Authority:
Firm’s operations
1. Details of changes in the Firm’s business (customers, products/services offered) during the reporting period.
Change(s) occurred / No changes
Comments: (Details of changes/updates of the Firm’s business (especially with regard to introduction of new products/services, new customers, new PEPs…))
AML/CFT activities
2. Details of changes in the Firm’s AML/CFT related checks, including changes in AML/CFT related policies, procedures, systems and controls (PPSC).
Change(s) occurred / No changes
Comments: (Details of changes/updates of the Firm’s AML/CFT related checks including changes in PPSC (especially with regard to KYC/CDD/CID, PEPs processing, transaction monitoring, STR…))
3. Details of updates of AML/CFT matters related to current or past reviews e.g. audits, reviews of client files, regulator visits etc.
Update(s) occurred / No updates
Comments: (Details of new reviews, findings, action plan, progress made in relation to remediation items, overview of new breaches by the Firm, or the Firm’s AML/CFT PPSC …)
Activities of the MLRO
4. Details of any AML/CFT checks undertaken by the MLRO pertaining to the QFC operation.
Check(s) were undertaken / No checks were undertaken
Comments: (Account opening review, transaction monitoring, suspicious transaction reporting…)
5. Details of visits undertaken by the MLRO to the QFC entity during the reporting period.
Visit(s) were undertaken / No visits were undertaken
Comments: (detail of activities undertaken by the MLRO, AML training, physical review of client files, follow-up on action items, meeting with QFC senior management. Where no visits were undertaken, the reason behind it…)
6. Details of any AML/CFT related reporting made to senior management during the reporting period.
Reporting was made / No reporting
Comments: (number, type and purpose of the report, overview of the report, subsequent action needed…)
7. Details of any update on any other AML/CFT related matter.
Update(s) occurred / No updates
Comments: (AML/CFT-related training delivered and received, internal & external suspicious transaction reports, findings under Rule 2.3.4(e), independent audit …)
Firm’s AML/CFT risk
8. Details of changes impacting on the Firm’s overall AML/CFT risk.
Change(s) occurred / No changes
Comments: (detail how changes in the Firm’s level of activity & or AML/CFT related controls impacted the Firm’s AML/CFT risk)
9. AML/CFT Risk rating of the Firm.
High / Medium / Low
Comments: (rational behind the rating and/or details of any changes to rating)
Submitted By:
[MLRO, Authorised/Licensed Firm]
Date:
Signed:
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