+Guidelines on internal policies, procedures and controls to ensure the implementation of Union and national restrictive measures (EBA/GL/2024/14)
---+1. Compliance and reporting obligations
------+Status of these guidelines
---------+1. This document contains guidelines issued pursuant to Article 16 of Regulation (EU) No 1093/2010 …
---------+2. Guidelines set out the EBA view of appropriate supervisory practices within the European Sys-tem …
------+Reporting requirements
---------+3. According to Article 16(3) of Regulation (EU) No 1093/2010, competent authorities must no-tify …
---------+4. Notifications will be published on the EBA website, in line with Article 16(3).
---+2. Subject matter, scope and definitions
------+Subject matter and scope of application
---------+5. These guidelines specify the internal policies, procedures and controls financial institutions …
------+Addressees
---------+6. These guidelines are addressed to: (i) competent authorities as defined in legislative acts …
---------+7. Competent authorities that are responsible for assessing internal policies, procedures and …
------+Definition
---+3. Implementation
------+Date of application
---------+8. These Guidelines apply from 30 December 2025.
---+4. Guidelines on internal policies, proce-dures and controls to ensure the imple-mentation of Union and national restric-tive measures
------+General provisions
---------+1. Financial institutions should identify and assess which areas of their business are particularly …
---------+2. These policies, procedures and controls should be effective and proportionate to the size …
------+4.1 Governance framework and the role of the management body
---------+3. Financial institutions should put in place a governance framework to ensure that policies …
---------+4. The financial institution’s managem ent body should be responsible for approving the financial …
---------+5. Where the business of the financial institution is directed by a single person, this person may …
---------+6. Where the financial institution is the parent undertaking of a group as defined in Article 2 …
---------+7. Where a financial institution is the parent undertaking of a group, the management body of the …
---------+8. The management body in its supervisory function should be responsible for overseeing and …
---------+9. In addition to the provisions set out in the Guidelines EBA/GL/2021/05 , the management body of …
---------+10. Where a financial institution is the parent undertaking of a group, the management body of that …
---------+11. In addition to the provisions set out in the Guidelines EBA/GL/2021/05, the financial …
---------+12. Where the financial institution is the parent undertaking of a group, the management body of …
---------+13. Financial institutions should appoint a senior staff member in charge of performing the …
---------+14. The management body may assign this role to a senior staff member who already has other duties …
---------+15. The management body should allow the senior staff member to assign and delegate the tasks …
---------+16. Irrespective of the institutional arrangements, financial institutions should ensure that: a. …
---------+17. Where the financial institution is part of a group, the management body of the parent financial …
---------+18. The senior staff member should develop, put in place and maintain policies, procedures and …
---------+19. The senior staff member should: a. take the measures necessary to ensure compliance with …
---------+20. Where the financial institution is part of a group, the group-level senior staff member should …
---------+21. The senior staff member should oversee the preparation and implementation of the training …
------+4.2 Conducting a restrictive measures exposure assessment
---------+22. Internal procedures of financial institutions should cover the assessment of restrictive …
---------+23. The restrictive measures exposure assessment should enable the financial institutions to …
---------+24. The assessment referred to in paragraph 22 should be based on a sufficiently diverse range of …
---------+25. When performing a restrictive measures exposure assessment, financial institutions should …
---------+26. Financial institutions should ensure that their restrictive measures exposure assessment …
---------+27. Financial institutions should document their methodology for conducting and reviewing their …
---------+28. Where the financial institution is the parent undertaking of a group, the group management body …
------+4.3 Ensuring the ongoing effectiveness of restrictive measures poli-cies, procedures and controls
---------+29. To be effective, a financi al institution’s policies, procedures and controls for the …
---------+30. Policies, procedures and controls should at least cover: a. processes to ensure that the …
------+4.4 Training
---------+31. Financial institutions should provide training to their staff members on a regular basis to …
---------+32. Training should be tailored to staff members and their specific role. It should be timely and …
---------+33. Financial institutions should document their training plan and stand ready to demonstrate upon …
 English - European Union - Financial Industry -

Guidelines on internal policies, procedures and controls to ensure the implementation of Union and national restrictive measures (EBA/GL/2024/14)

Guidelines on internal policies, procedures and controls to ensure the implementation of Union and national restrictive measures (EBA/GL/2024/14)

https://www.eba.europa.eu/activities/single-rulebook/regulatory-activities/anti-money-laundering-and-countering-financing-terrorism/guidelines-internal-policies-procedures-and-controls-ensure-implementation-union-and-national – PDF

1. Overview

,
1. Compliance and reporting obligations

1. Compliance and reporting obligations
2. Subject matter, scope and definitions

2. Subject matter, scope and definitions
3. Implementation

3. Implementation
4. Guidelines on internal policies, proce-dures and controls to ensure the imple-mentation of Union and national restric-tive measures

4. Guidelines on internal policies, proce-dures and controls to ensure the imple-mentation of Union and national restric-tive measures

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards

Linked Issues

Issuelinks
is related to Imported: Guidelines on internal policies, procedures and controls to ensure the implementation of Union and national restrictive measures (2025-12-30-7806a5f231-cdbf)
is related to Assignments added: Guidelines on internal policies, procedures and controls to ensure the implementation of Union and national restrictive measures (2025-12-30-7806a5f231-cdbf) – 1 links
is related to Assignments added: Guidelines on internal policies, procedures and controls to ensure the implementation of Union and national restrictive measures (2025-12-30-7806a5f231-cdbf) – 1 links
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