4. The financial institution’s managem ent body should be responsible for approving the financial …

The financial institution’s managem ent body should be responsible for approving the financial institution’s strategy for compliance with restrictive measures and for overseeing its implemen-tation through the policies, procedures and controls necessary to ensure the implementation of restrictive measures. All the members of the management body should be aware of the expo-sure of the financial institution to restrictive measures and its vulnerability to circumvention of restrictive measures.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/