Cap. 590 ст. 23Applicable requirements and compliance with the Prevention of MoneyLaundering Act.

(1) Licence holders shall comply with and observe any applicable regulations made and rules issued under this Act, including with reference to prudential requirements, and shall be considered as subject persons.

For the purposes of this sub-article, the term "prudential requirements" shall include requirements on administration, compliance, risk management, systems and security access protocols, financial resources, capital adequacy, professional indemnity insurance and any other related requirements included in the regulations made or rules issued under this Act.

(2) Without prejudice to the generality of sub-article (1), a licence holder shall ensure that all of its systems and security access protocols are maintained at all times to appropriate high standards.