36. In relation to employee screening referred to in Article 8(4) (a) of Directive (EU) 2015/849 …

In relation to employee screening referred to in Article 8(4) (a) of Directive (EU) 2015/849, credit or financial institutions should, prior to the appointment, assess whether the AML/CFT compliance officer possesses:

• a) the reputation, honesty and integrity necessary to perform his/her function;
• b) the appropriate AML/CFT skills and expertise, including knowledge of the applicable legal and regulatory AML/CFT framework, and the implementation of AML/CFT policies, controls and procedures;
• c) sufficient knowledge and understanding of the ML/TF risks associated with the business model of the credit or financial institution to perform his/her function effectively;
• d) relevant experience regarding the identification, assessment and management of the ML/TF risks; and
• e) sufficient time and seniority to perform his/her functions effectively, independently and autonomously.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/