146. As part of the assessment of the suitability of an individual member of the management body …

As part of the assessment of the suitability of an individual member of the management body, institutions should:

a. gather information on the member ’ s suitability through various channels and instruments (e.g. diplomas and certificates, recommendation letters, curricula vitae, interviews, questionnaires);
b. gather information on the reputation, integrity and honesty of the assessed individual, including assessing whether there are reasonable grounds to suspect that ML/TF is being or has been committed or attempted or that the risk thereof could be increased;
c. evaluate the independence of mind of the assessed individual;
d. require the assessed individual to verify that the information provided is accurate and to provide proof of information, where necessary;
e. require the assessed individual to declare any actual and potential conflicts of interest;
f. validate, to the extent possible, the correctness of the information provided by the assessed individual;
g. evaluate within the management body in its supervisory function or, where established, the nomination committee, the assessment results; and
h. where necessary, adopt corrective measures to ensure the individual suitability of the members of the management body in accordance with section 22.

1. Overview

Summary	Regulation

Requirements
Source	Requirement

Standards
Source	Requirement