73. In addition, competent authorities should use the BMA to assess prudential implications of …

In addition, competent authorities should use the BMA to assess prudential implications of ML/TF risks known to them, linked to the business model of the investment firm. In this respect, competent authorities should use the input received from AML/CFT supervisors, in particular their assessments of ML/TF risks and any findings relating to material weaknesses in an investment firm’s AML/CFT controls, to complement their findings from ongoing supervision, and evaluate whether they give rise to prudential concerns related to ML/TF risks. Where the assessment indicates the business model of the investment firm gives rise to prudential concerns related to ML/TF risks, competent authorities should share the outcome of the prudential assessment of the business model with the AML/CFT supervisors.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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