40. The AML/CFT compliance officer should report the results of the business-wide and individual …

The AML/CFT compliance officer should report the results of the business-wide and individual ML/TF risk assessment to the management body, via the member of the management body, or to the senior manager responsible for AML/CFT, or directly, if he/she deems it necessary. The AML/CFT compliance officer should propose to the management body the measures to take to mitigate those risks. The launch of a new product or service or significant changes to existing ones, the development of a new market or the undertaking of new activities should not be initiated until adequate resources to understand and manage the associated risks are available and effectively implemented.

• b. Development of policies and procedures

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.