11.3 Application of other supervisory measures

Competent authorities responsible for the supervision of cross-border investment firms groups and their entities should discuss and coordinate, where possible, application of all supervisory and early intervention measures, where applicable, to the group and/or its material entities to ensure that the most appropriate measures are consistently applied to the identified vulnerabilities, taking into account the group dimension, including inter-dependencies and intra-group arrangements as discussed above.

Competent authorities responsible for the prudential supervision of entities of a cross-border investment firms group should, when imposing supervisory or administrative measures including sanctions on investment firms for their failure to address deficiencies related to ML/TF risks adequately, liaise with the relevant AML/CFT supervisors.