Alle Vorschriften · AML/CFT Regulations 2020 · Part X: Miscellaneous
r.24 Transitional provision
(1) Notwithstanding the qualifications and experience prescribed under regulation 8, regulation 11(3) and Schedule 1 to these regulations, every reporting entity shall appoint a compliance officer and an alternative compliance officer under section 34 of the Act, on such terms and conditions as may be specified by the respective supervisory authority in the approval letter
and the qualifications and experience prescribed under regulations 8, 11(3) and Schedule 1 shall be obtained on or before the 31st December, 2021.
(2) Any person who failed to obtain the qualifications and experience prescribed under regulations 8, 11(3) and Schedule 1 to these regulations on or before the 31st December, 2021 shall be disqualified to be continued as the compliance officer or the alternative compliance officer, as the case may be.
(3) Other conditions set out in these regulations and section 34 of the Act shall apply mutatis mutandis, for the appointment of compliance officer and the alternative compliance officer under section 34 of the Act.
(Inserted by S.I. 139 of 2020)
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CAP. 251-1 27
and the qualifications and experience prescribed under regulations 8, 11(3) and Schedule 1 shall be obtained on or before the 31st December, 2021.
(2) Any person who failed to obtain the qualifications and experience prescribed under regulations 8, 11(3) and Schedule 1 to these regulations on or before the 31st December, 2021 shall be disqualified to be continued as the compliance officer or the alternative compliance officer, as the case may be.
(3) Other conditions set out in these regulations and section 34 of the Act shall apply mutatis mutandis, for the appointment of compliance officer and the alternative compliance officer under section 34 of the Act.
(Inserted by S.I. 139 of 2020)
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CAP. 251-1 27
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)
