72. In situations whereby the credit or financial institution is making use of intra-group …

In situations whereby the credit or financial institution is making use of intra-group outsourcing, it should in particular take the measures necessary to identify and manage any conflicts of interest that could arise from such an outsourcing agreement. The parent entity of the group should:

• a) ensure that an inventory of cases of intra-group AML/CFT outsourcing, in order to determine which function relates to which legal entity, is established in the concerned entities and regularly made available for its consultation; and
• b) ensure that intra-group outsourcing does not compromise the compliance of each subsidiary, branch or other form of establishment with its AML/CFT obligations.

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.