43. The AML/CFT compliance officer should be consulted before a final decision is taken by senior …

The AML/CFT compliance officer should be consulted before a final decision is taken by senior management on onboarding new high-risk customers or maintaining business relationships with high-risk customers in line with the risk-based internal AML/CFT policies of the credit or financial institution, and in particular in situations where the senior management’s approval is explicitly required under Directive (EU) 2015/849. If senior management decides not to follow the advice of the AML/CFT compliance officer, it should duly record its decision and address how it proposes to mitigate the risks raised by the AML/CFT compliance officer.

• d. Monitoring compliance

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/