+31. The AML/CFT compliance officer should be part of the second line of defence and, as such, part …

31. The AML/CFT compliance officer should be part of the second line of defence and, as such, part …

The AML/CFT compliance officer should be part of the second line of defence and, as such, part of an independent function, and the following conditions should be met:

  • a) The AML/CFT compliance officer should be independent from the business lines or units he/she controls and he/she cannot be subordinate to a person who has responsibility for managing any of those business lines or units.
  • b) The credit or financial institution has put in place internal procedures to ensure that the AML/CFT compliance officer has at all times unrestricted and direct access to all information that is necessary to the performance of his/her function. The decision on which information he/she needs to access in this regard should be the AML/CFT compliance officer’s alone .
  • c) In the case of a significant incident, the AML/CFT compliance officer should be able to report and have direct access to the management body in its supervisory function or to the senior management where no management body is in place.

4.2.2 Proportionality criteria for the appointment of a separate AML/CFT compliance officer

1. Overview

,

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

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.