35. When the AML/CFT compliance officer acts for two or more entities within the group or is …

When the AML/CFT compliance officer acts for two or more entities within the group or is charged with other tasks, the credit or financial institution should ensure that these multiple appointments still allow the AML/CFT compliance officer to effectively perform his/her functions. The AML/CFT compliance officer should operate for different entities only if the entities are part of the same group. However, due to the specific nature of the collective investment undertakings sector¹⁷ , the AML/CFT compliance officer could service several funds.

4.2.3 Suitability, skills and expertise

¹⁷ A collective investment undertaking or CIU means a UCITS as defined in Article 1(2) of Directive 2009/65/EC of the European Parliament and of the Council of 13 July 2009 on the coordination of laws, regulations and administrative provisions relating to undertakings for collective investment in transferable securities (UCITS) or an AIF as defined in Article 4(1)(a) of Directive 2011/61/EU.

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.