176. Competent authorities should verify that the AML/CTF policy, submitted by the applicant credit …

Competent authorities should verify that the AML/CTF policy, submitted by the applicant credit institution pursuant to Article 5(1), letter c), no. (iii) of the RTS on information for authorisation , provides an overview of the key policies and procedures, as set out in Article 8(3) AMLD, that will be put in place to counter the ML/TF risk. For this purpose, competent authorities will take into account proportionality criteria set out in paragraphs 17–21.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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