[candicec]

Hi I am interested in joining the study group, will definitely try to meet..

[candicec]

That part is cleared, thanks. I was just a bit confused based on some notes in my possession. I realised that there were some requirements of the company/mgmt under this act, like appointment of an MLRO, failure to maintain records, failure to undertake verification of identity of all new clients before commencing a business relaionship etc).

What is the sanction if any, should the company fails to ensure the implementation of these requirements.

[Author]

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