14. The management body may assign this role to a senior staff member who already has other duties …

The management body may assign this role to a senior staff member who already has other duties or functions within the financial institution (such as the AML/CFT compliance officer or the chief compliance officer) provided that:

• a. this is justified by the size and complexity of the financial institution and the outcome of the restrictive measures exposure assessment;
• b. this does not affect the ability of this senior staff member to carry out their duties or functions effectively; and
• c. this combination of tasks does not raise any conflicts of interest, such as conflicts be-tween operational and control tasks assigned to this staff member.

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.

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