Governance and Control

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....mensurate with the scale, nature, complexity and risk profile of its activities. (2) The Trust and Company Services Provider shall establish an internal audit or independent review mechanism, commensurate with the scale, nature, complexity and risk profile of its operations, to inter-alia assess: (a) adequacy of governance and control framework; (b) effectiveness of AML/CFT/ K....

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....s involved; (d) services provided, service agreements and duration of engagement. (4) Such records as mentioned under sub-regulation (3) shall be: (a) readily accessible for inspection by the Authority or any government authority; (b) retained for a minimum period of five years after cessation of client relationship or such longer period as may be specified under appl....