33. When the management body decides not to appoint a separate AML/CFT compliance officer, the …

When the management body decides not to appoint a separate AML/CFT compliance officer, the reasons should be justified and documented, and explicitly refer to at least the following criteria:

• a) the nature of the credit or financial institution ’s busine ss and the ML/TF risks associated therewith, taking into account its geographical exposure, customer base, distribution channels and products and services offering;
• b) the size of its operations in the jurisdiction, the number of its customers, the number and volume of its transactions and the number of its full-time equivalent employees;
• c) the legal form of the credit or financial institution, including whether the credit or financial institution is part of a group.

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.