Regulations Governing Internal Audit and Internal Control System of Anti-Money Laundering and Countering Terrorism Financing of Financial Leasing Enterprises Article 8

For the implementation of internal audit and internal control system of AML/CFT of a financial leasing enterprise, the FSC may, at any time, appoint a designee to conduct an inspection using risk-based approach. The inspection includes on-site and off-site inspections. In addition, the enterprise may be required to entrust the professionals and technologists to conduct an inspection for the aforementioned implementation and submit are port to the FSC.When the FSC conducts the inspection in the preceding paragraph, the financial leasing enterprise shall provide the AML related books, documents, electronic data files or other relevant materials. The aforementioned materials, whether stored in hard copy, electronic file, e-mail or any other form, shall be provided, and the financial leasing enterprise shall not circumvent, reject or obstruct the inspection for any reason.