Guideline 2: Conditions for establishing an AML/CFT college

2.1 After performing the mapping in accordance with Guideline 1, the lead supervisor should identify the firms operating on a cross-border basis that meet the conditions referred to in Guideline 2.2 for the establishment of an AML/CFT college. 2.2 The conditions for establishing an AML/CFT college are met when:

• (a) a firm operating on a cross-border basis has set up cross-border establishments in at least two different Member States other than the Member State where its head office is situated; or
• (b) a third-country undertaking has set up EU establishments in at least three Member States; branches of an EU subsidiary of a third-country undertaking set up in a Member State different from the Member State where the EU subsidiary has been established count as separate establishments.

2.3 Where the conditions for setting up an AML/CFT college are not met, competent authorities should, at least, ensure cooperation and information exchange on a bilateral basis in accordance with Guideline 14.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

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