Alle Vorschriften · AML/CFT Regulations 2020 · Part V: Appointment of compliance officer and alternative compliance officer
r.10 Suspension or withdrawal of appointment
Supervisory authority may suspend or withdraw the approval granted for the appointment of compliance officer or an alternative compliance officer under regulation 8 —
(a) until the decision of the supervisory authority is decided by the Appeals Board under section 62(3) of the Act;
(b) upon receipt of the decision of the supervisory authority under regulation 8(1), the reporting entity shall designate the alternative compliance officer to assume the functions of compliance officer; and
(c) upon withdrawal of the appointment of compliance officer, it is the responsibility of the reporting entity to identify a suitably qualified candidate for appointment as compliance officer and the subsequent appointment shall be completed within 90 days from the date of withdrawal of the approval of the appointment of compliance officer by the supervisory authority.
(a) until the decision of the supervisory authority is decided by the Appeals Board under section 62(3) of the Act;
(b) upon receipt of the decision of the supervisory authority under regulation 8(1), the reporting entity shall designate the alternative compliance officer to assume the functions of compliance officer; and
(c) upon withdrawal of the appointment of compliance officer, it is the responsibility of the reporting entity to identify a suitably qualified candidate for appointment as compliance officer and the subsequent appointment shall be completed within 90 days from the date of withdrawal of the approval of the appointment of compliance officer by the supervisory authority.
Amtliche Quelle: Anti-Money Laundering and Countering the Financing of Terrorism Regulations, 2020 (S.I. 108 of 2020), Revised Edition as at 17 January 2025 (S.I.s 108 of 2020, 139 of 2020, 156 of 2020, 6 of 2022, 67 of 2024)
