+71. Where the credit or financial institution does not have any officers or employees of its own …
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71. Where the credit or financial institution does not have any officers or employees of its own …
Where the credit or financial institution does not have any officers or employees of its own other than a management body, it may outsource the AML/CFT compliance function to a service provider. In such instances the AML/CFT compliance officer should be the AML/CFT compliance officer of one of the service providers who has experience or knowledge on the type of activity or transactions carried out by the credit or financial institution.
1. Overview
1.1 References
1.2 Identified Requirements
1.3 Related Standards
2. Identified Requirements
Requirements
| Source |
Requirement |
3. Related Standards
Standards
| Source |
Requirement |
- EBA - Published by the European Banking Authority at https://www.eba.europa.eu/
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