This notice applies to
- Licensed financial advisers; and
- Capital markets services licensees, banks, merchant banks, finance companies and insurers
that have entered into cross-border arrangements with their FOs to provide any financial advisory service (other than advising others by issuing or promulgating research analyses or research reports) under the FAA.
It sets out the ongoing requirements for these Specified Regulated Entities in relation to their cross-border arrangements to ensure that there are adequate internal policies, procedures and controls, for ensuring that the performance of CDD measures by its FOs, in respect of customers under the arrangements, is consistent with the requirements set out under the relevant AML/CFT Notice applicable to the Specified Regulated Entity.
There are no amendment notes for this notice.
