AML/CFT Legislation Compliance Report

AML/CFT Legislation Compliance Report

AML/CFT Legislation Compliance Report

Pursuant to CMA Resolution No. 72 of 2015 concerning the issuance of the Executive Regulations of Law No. 7 of 2010 on the Establishment of Capital Markets Authority and Regulation of Securities Business, as amended, Rulebook XVI: Anti-Money Laundering & Combating the Financing of Terrorism, AML/CFT Legislation Compliance Report shall cover the extent of business entity’s compliance with all legislative parameters and requirements set forth in Law No. 106 of 2013 regarding Anti-Money Laundering & Combating the Financing of Terrorism, its Executive Regulations, and Capital Markets Authority Law, resolutions and instructions, as well as compliance with the entity’s policies, procedures and internal control systems. For independent auditor, this report must be prepared by the same auditor appointed to audit the financial statements of the licensed person.

(Ref: Executive Regulations – Rulebook XVI AML/CFT Article 606)

Added value to business entities from AML/CFT Legislation Compliance Report

  1. Comply with laws, regulations, resolutions and instructions issued by Capital Markets Authority;
  2. Enhance business entity’s reputation and increase all stakeholders’ confidence;
  3. Protect the business entity and its customers from illegal transactions, which may involve money laundering, terrorism financing or any other criminal activity; and
  4. Contribute to optimizing the capital market integrity and credibility.

Services offered by Baker Tilly

  1. AML/CFT Legislation Compliance Report

    Prepare report on compliance with Anti-Money Laundering & Combating the Financing of Terrorism legislation.
    (Reference: Capital Markets Authority, Resolution No. 72 of 2015 regarding issuance of Executive Regulations of Law No. 7 of 2010 concerning the Establishment of Capital Markets Authority and Regulation of Securities Business, as amended – Rulebook XVI: Anti-Money Laundering & Combating the Financing of Terrorism)

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