69. Credit and financial institutions should follow the outsourcing process, as set out in the …

Credit and financial institutions should follow the outsourcing process, as set out in the EBA’s guidelines on outsourcing arrangements, when outsourcing operational tasks of the AML/CFT compliance officer function to a service provider. This includes the identification and assessment of relevant risks of the outsourcing arrangement, the justification of the decision to outsource in light of the objectives pursued (whether it aims to ensure an optimal allocation of AML/CFT resources throughout the group or on the basis of the proportionality criteria), undertaking due diligence on the prospective service provider, and the contractualisation of the outsourcing agreement.

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.