Section 30: Foreign branches and subsidiaries of accountable person to apply measures specified in

these Regulations (1) An accountable person shall ensure that its foreign branch or subsidiary apply due diligence measures and other measures relating to anti-money laundering and combating of terrorism financing required under the Act or these Regulations to the extent permitted by the laws of the host. (2) Where the laws of a host country do not permit the proper implementation of the requirements of the Act and these Regulations, the accountable person shall implement additional measures, as appropriate, to address the money laundering and terrorist financing risks and shall inform the supervisory authority accordingly. (3) An accountable person shall notify the Authority and its supervisory authority, in writing, in case a foreign branch or subsidiary is unable to implement due diligence measures and other measures relating to anti-money laundering and combating of terrorism financing required under the Act or these Regulations.