relating to Money Laundering? Do these policies procedures, systems Yes and controls enable suspicious customers No and transactions to be detected and reported? Do policies, procedures, systems and controls ensure the Yes persons are able to No provide an appropriate audit trail of transactions? ADGM establishment or a branch of Foreign partnership established in ADGM must establish and maintain effective AML policies, procedures, systems and controls to prevent opportunities for money laundering, in relation to the ADGM establishment and its business activities If you answered to any of the above statement, please provide us your declaration by confirming the below ‘no’ statement. I confirm that I understand that these policies, procedures, systems and controls need to be established and put in place within a reasonable time frame Does the partnership take reasonable steps to ensure that its employees comply with Yes the relevant No requirements of its AML policies, procedures, systems and controls? ADGM establishment or a branch of Foreign partnership established in ADGM must provide AML training to all employees at appropriate and regular internals to ensure that its AML training enables its employees to know the identity and understand the responsibilities of MLRO; understand the relevant legislation relating to money laundering, including Federal Law No. 4 of 2002, Federal Law No. 1 of 2004 and any other relevant Federal laws; understand its policies, procedures, systems and controls related to money laundering and any changes to these; recognise risks and activities which may be related to money laundering; understand the types of activity that may constitute suspicious activity; understand its arrangements regarding the making of a notification to the MLRO; be aware of prevailing methods in money laundering. ADGM establishment or a branch of Foreign partnership established in ADGM must ensure that its AML training is up-to-date and conducted with sufficient frequency 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. Review Process
relating to Money Laundering? Do these policies procedures, systems and controls enable suspicious customers and transactions to be detected and reported? Yes No Do policies, procedures, systems and controls ensure the persons are able to provide an appropriate audit trail of transactions? Yes No ADGM establishment or a branch of Foreign partnership established in ADGM must establish and maintain effective AML policies, procedures, systems and controls to prevent opportunities for money laundering, in relation to the ADGM establishment and its business activities If you answered ‘no’ to any of the above statement, please provide us your declaration by confirming the below statement. I confirm that I understand that these policies, procedures, systems and controls need to be established and put in place within a reasonable time frame Does the partnership take reasonable steps to ensure that its employees comply with the relevant requirements of its AML policies, procedures, systems and controls? Yes No ADGM establishment or a branch of Foreign partnership established in ADGM must provide AML training to all employees at appropriate and regular internals to ensure that its AML training enables its employees to know the identity and understand the responsibilities of MLRO; understand the relevant legislation relating to money laundering, including Federal Law No. 4 of 2002, Federal Law No. 1 of 2004 and any other relevant Federal laws; understand its policies, procedures, systems and controls related to money laundering and any changes to these; recognise risks and activities which may be related to money laundering; understand the types of activity that may constitute suspicious activity; understand its arrangements regarding the making of a notification to the MLRO; be aware of prevailing methods in money laundering. ADGM establishment or a branch of Foreign partnership established in ADGM must ensure that its AML training is up-to-date and conducted with sufficient frequency 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. Review Process
p-inc-02-br-f_applicationtoregisterabranchofforeignpartnership-financial-_2015-11-20_v10.docx