FIC Amendment Bill Explained: Part III – The Risk Management and Compliance Programme
Posted on 1 Nov 2016
Section 42 of the current Act refers to the ‘formulation and implementation of internal rules’. The Amendment Bill will look to replace this with the amended section 42 ‘Risk Management and Compliance Framework’. The substituted section 42 will require an accountable institution (AI) to develop, document, maintain and implement a programme for anti-money laundering and … Continued
