Anti-Money Laundering/Counter-Terrorism Financing

(i) Central Bank Inspections

The Central Bank is currently in the process of carrying out on-site inspections to confirm that certain companies (including funds) are in compliance with the Criminal Justice (Money Laundering and Terrorist Financing) Act 2010, (the "CJA 2010"), particularly with respect to the customer due diligence obligations and internal policies and procedures including training.

In advance of the inspection, companies are required to provide (among other matters) the following:

• details in relation to the list of new customers since 15 July 2010;
• confirm those customers who have not been fully identified and verified in accordance with the CJA 2010;
• confirm those who have been verified by a relevant third party;