Skip to Content
Whole SectionText only Print Print Manager Link


LicenseesG must consider the need to include automated transaction monitoring as part of their risk-based monitoring systems to spot abnormal or unusual flows of funds. In the absence of automated transaction monitoring systems, all transactions above BD 6,000 must be viewed as "significant" and be captured in a daily transactions report for monitoring by the MLRO or a relevant delegated official, and records retained by the licenseeG for five years after the date of the transaction.

October 2010
(1 Version)
Oct 1 2010 onwards
Back to top