82. The group AML/CFT compliance officer should produce an activity report on at least an annual …

The group AML/CFT compliance officer should produce an activity report on at least an annual basis and present it to the group management body. In addition to the points mentioned in paragraph 50, the group AML /CFT compliance officer’s report should contain, at least, the following points from the AML/CFT compliance officers in branches and subsidiaries:

• a) statistics consolidated at group level, especially on risk exposure and suspicious activities;
• b) monitoring of inherent risks that have occurred in one subsidiary or branch and across other subsidiaries and branches, and analysing the impact of residual risks;
• c) supervisory reviews, internal or external audits of subsidiaries or branches of the credit or financial institution including the serious weaknesses identified in the AML/CFT policies and procedures of the credit or financial institution, and the actions or recommendations for corrective measures; and
• d) information on steering and oversight of subsidiaries and branches with a special focus on the ones located in high-risk countries if applicable.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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