20. The senior manager referred to in paragraph 19 should have sufficient knowledge, skills and …

The senior manager referred to in paragraph 19 should have sufficient knowledge, skills and experience regarding ML/TF risks, and the implementation of AML/CFT policies, controls and procedures, with a good understanding of the credit or financial institution’s business model and the sector in which the credit or financial institution operates. In addition, he/she should be given sufficient time, resources and authority to perform his/her duties effectively.

4.1.5. Tasks and role of the member of the management body or senior manager responsible for AML/CFT

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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