14. The management body in its supervisory function should ensure that the member of the management …

The management body in its supervisory function should ensure that the member of the management body referred to in section 4.1.3. or where applicable the senior manager referred to in section 4.1.4., who is responsible for the implementation of the laws, regulations and administrative provisions necessary to comply with Directive (EU) 2015/849:

• a) has the knowledge, skills and experience necessary to identify, assess and manage the ML/TF risks to which the credit or financial institution is exposed, and the implementation of AML/CFT policies, controls and procedures;
• b) has a good understanding of the credit or financial institution’s business model and the sector in which it operates and the extent to which this business model exposes the credit or financial institution to ML/TF risks;
• c) is informed in a timely manner of decisions that may affect the risks to which the credit or financial institution is exposed.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA -

  EN: Guidelines and other publications of the European Banking Authority (EBA), https://www.eba.europa.eu/. © European Banking Authority. Reproduction is authorised provided the source is acknowledged (EBA legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the versions published by the EBA are authoritative.

  DE: Leitlinien und weitere Veröffentlichungen der Europäischen Bankenaufsichtsbehörde (EBA), https://www.eba.europa.eu/. © European Banking Authority. Wiedergabe mit Quellenangabe gestattet (Rechtlicher Hinweis der EBA). In Abschnitte aufgeteilt und in das GRCA-Format umgewandelt, der Wortlaut unverändert. Maßgeblich sind allein die von der EBA veröffentlichten Fassungen.