Does the partnership conduct reviews to ensure effectiveness of Yes its AML policies, No procedures, systems and controls at least annually? ADGM establishment or a branch of Foreign partnership established in ADGM must review the effectiveness of its AML policies, procedures, systems and controls at least annually. If you answered to the above statement, please provide us your declaration by confirming the below statement. ‘no’ I confirm that I have read and understood the above. Internal Audit Who conducts the Compliance Function review process? Professional Firm What does the review process Yes Know Your Customer’ sample testing. No Analysis of all Yes suspicious transaction reports to highlight No training needs A review of the nature and frequency of the dialogue between the governing body and senior management Yes with the MLRO to No ensure that responsibility for implementing and maintaining adequate controls is satisfactory Please tick applicable box We confirm that the partnership has a branch or a subsidiary Compliance in Other operating in another jurisdiction. We ensure that its AML policies, Jurisdictions procedures, systems and controls apply to any branch or a subsidiary operating in another jurisdiction. We confirm that If another jurisdiction's laws or regulations prevent or inhibit the partnership from complying with UAE Law Disclosure to the No. 4 of 2002, UAE Law No. 1 of 2004 or with any ADGM Registrar regulations or rules related to Anti Money Laundering provisions, the partnership will promptly inform the Registration Authority.
Does the partnership conduct reviews to ensure effectiveness of its AML policies, procedures, systems and controls at least annually? Yes No ADGM establishment or a branch of Foreign partnership established in ADGM must review the effectiveness of its AML policies, procedures, systems and controls at least annually. If you answered ‘no’ to the above statement, please provide us your declaration by confirming the below statement. I confirm that I have read and understood the above. Who conducts the review process? Internal Audit Compliance Function Professional Firm What does the review process Know Your Customer’ sample testing. Yes No Analysis of all suspicious transaction reports to highlight training needs Yes No A review of the nature and frequency of the dialogue between the governing body and senior management with the MLRO to ensure that responsibility for implementing and maintaining adequate controls is satisfactory Yes No Please tick applicable box Compliance in Other Jurisdictions We confirm that the partnership has a branch or a subsidiary operating in another jurisdiction. We ensure that its AML policies, procedures, systems and controls apply to any branch or a subsidiary operating in another jurisdiction. Disclosure to the Registrar We confirm that If another jurisdiction's laws or regulations prevent or inhibit the partnership from complying with UAE Law No. 4 of 2002, UAE Law No. 1 of 2004 or with any ADGM regulations or rules related to Anti Money Laundering provisions, the partnership will promptly inform the Registration Authority.
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