Section 7G: Compliance program — Anti-Money Laundering Act, 2010

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7G. Compliance program.— Every reporting entity shall implement compliance management arrangements, including the appointment of a compliance officer at a management level and training programs, having regard to the money laundering and terrorism financing risks and the size of the business during the course of their activities subject to this Act and as prescribed.

Effective date: 2010-03-27

Amendment history

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Related sections

Section 7F: Risk understanding Section 7H: Policies and procedures Section 7E: Anonymous business relationships and transactions Section 7I: Sanctions for reporting entities Section 7D: Inability to complete CDD and tipping off Section 7J: Appeal to concerned AML/CFT regulatory authority

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