OPBAS Sourcebook

OPBAS is the oversight regulator for all AML Supervisory Authorities. OPBAS have just updated and published their Sourcebook. The Sourcebook provides details on what is expected by OPBAS from AML Supervisory Authorities to evidence compliance with the obligations of an AML Supervisor under MLR17.

The IPA would recommend that your MLRO and any compliance officer are aware of the scope of the Sourcebook which will assist in understanding further the regulatory requirements of the IPA (and other authorities) in supervising AML compliance and therefore assist in ensuring that you are able to evidence compliance with the requirements of the Regulations.