4. General principles
Feedback & supportA moneylender must exercise due diligence in accordance with these Rules when dealing with any borrower, or any agent or beneficial owner of a borrower.
A moneylender must conduct the moneylender’s business in such a manner as to guard against the grant of any loan that is, may be connected with or facilitates money laundering, terrorism financing or proliferation financing.
A moneylender must assist and cooperate with the relevant law enforcement authorities in detecting and preventing —
money laundering;
terrorism financing; and
proliferation financing.
Subregulation 1
A moneylender must exercise due diligence in accordance with these Rules when dealing with any borrower, or any agent or beneficial owner of a borrower.
Subregulation 2
A moneylender must conduct the moneylender’s business in such a manner as to guard against the grant of any loan that is, may be connected with or facilitates money laundering, terrorism financing or proliferation financing.
Subregulation 3
A moneylender must assist and cooperate with the relevant law enforcement authorities in detecting and preventing —
money laundering;
terrorism financing; and
proliferation financing.