44. As a second line of defence, the AML/CFT compliance officer should be responsible for …

As a second line of defence, the AML/CFT compliance officer should be responsible for monitoring whether the measures, policies, controls and procedures implemented by the credit or financial institution comply with the credit or financial institution’s AML/CFT obligations. The AML/CFT compliance officer should also oversee the effective application of AML/CFT controls applied by business lines and internal units (first line of defence).

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/