63. The AML/CFT supervisor should, at least, include detailed information explaining why the breach …

The AML/CFT supervisor should, at least, include detailed information explaining why the breach is serious, including the type of breach, the length of time during which the breach occurred, whether the breach represents a systemic failure within the institution, the impact of the breach on the institution and the integrity of the market in which it operates, whether a remediation action, if any, has been planned or taken by the institution to remedy the breach and the supervisory measures and sanctions, if any, planned or imposed by the AML/CFT supervisor.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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