Regulation 6A

ensuring compliance with the laws for the prevention of money laundering, terrorism financing and proliferation financing; and (b)determining if there are any risks of money laundering, terrorism financing or proliferation financing in any business relation or transaction or proposed business relation or transaction, a moneylender must —

evaluate every borrower and every agent, connected party and beneficial owner of a borrower, to determine if they are terrorists or terrorist entities within the meaning of the Terrorism (Suppression of Financing) Act 2002; and

screen every borrower and every agent, connected party and beneficial owner of a borrower, against —

any lists and information provided by the Registrar and any relevant law enforcement authority; and

any other source of information relating to money laundering, terrorism financing or proliferation financing, as the Registrar may direct.

at the time the moneylender intends to grant, or is considering the grant of, a relevant loan to a borrower;

on a periodic basis after the moneylender establishes a business relation with a borrower; (c)whenever there is a change of or an update to the lists and information provided by the Registrar or any relevant law enforcement authority to the moneylender; and

whenever there is any change to an agent of a borrower, a connected party of a borrower or a beneficial owner of a borrower.