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Conventional bank licenseesG must take reasonable steps to ensure that all reports made under Section FC-5.1 are considered by the MLRO (or his duly authorised delegate). Having considered the report and any other relevant information the MLRO (or his duly authorised delegate), if he still suspects that a person has been engaged in money laundering or terrorism financing, or the activity concerned is otherwise still regarded as suspicious, must report the fact promptly to the relevant authoritiesG . Where no report is made, the MLRO must document the reasons why.

October 07
(1 Version)
Oct 1 2007 onwards
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