Central Bank of Bahrain - Rulebooks & Regulatory Update

CBB Volume 5: Contents

Central Bank of Bahrain Volume 5—Specialised Licensees

Common Modules (Applicable to all Specialised Licensees)

High Level Standards

Business Standards

FC Financial Crime

FC-A Introduction

FC-B Scope of Application

FC-1 Customer Due Diligence

FC-2 AML / CFT Systems and Controls

FC-3 Money Transfers and Alternative Remittances

FC-4 Money Laundering Reporting Officer (MLRO)

FC-4.1 Appointment of MLRO

FC-4.2 Responsibilities of the MLRO

FC-4.3 Compliance Monitoring

Annual Compliance Review

FC-4.3.2

FC-5 Suspicious Transaction Reporting

FC-6 Staff Training and Recruitment

FC-7 Record Keeping

FC-8 AML & CFT Measures

FC-9 Enforcement Measures

FC-10 AML / CFT Guidance and Best Practice

Enforcement & Redress

Specific Modules (By Type of Licensee)

Quarterly Updates

Ad-hoc Communications

Skip to Content

Location: Central Bank of Bahrain Volume 5—Specialised Licensees > Common Modules (Applicable to all Specialised Licensees) > Part A > Business Standards > FC Financial Crime > FC-4 Money Laundering Reporting Officer (MLRO) > FC-4.3 Compliance Monitoring > Annual Compliance Review > FC-4.3.2

FC-4.3.2

The reports listed under Subparagraphs FC-4.3.1 (a) and (b) must be made by the MLRO. The sample testing required under Subparagraph FC-4.3.1 (c) must be undertaken either by the licensee's^G internal auditor, its external auditor or a consultancy firm approved by the CBB. The report required under Subparagraph FC-4.3.1 (d) must be made by the licensee's^G external auditor or a consultancy firm approved by the CBB.

Amended: April 2012
October 2010

Versions
(2 Versions)

Oct 1 2010 - Mar 31 2012

Apr 1 2012 onwards

Back to top