36. Relevant institutions should monitor on an ongoing basis the reputation, honesty, integrity …

Relevant institutions should monitor on an ongoing basis the reputation, honesty, integrity, knowledge, skills and experience of key function holders to identify, in the light of any relevant new fact, situations where a re-assessment should be performed. In particular a re-assessment should be made in the following cases:

• a. where there are concerns regarding their suitability;
• b. in the event of a material impact on the reputation of the individual;
• c. where there are reasonable grounds to suspect that money laundering or terrorist financing has been or is being committed or attempted or there is an increased risk thereof in connection with that institution and in particular in situations where the institution:
• i. has not implemented appropriate internal controls or oversight mechanisms to monitor and mitigate ML/TF risks (e.g. identified by supervisory findings from on-site inspections or off-site inspections, supervisory dialogue or in the context of sanctions);
• ii. has been found to be in breach of its AML/CFT obligations at home or abroad; or
• iii. has materially changed its business activity or business model in a manner that suggests that its exposure to ML/TF risk has significantly increased;
• d. as part of the review of the internal governance arrangements by the management body;
• e. in any event that can otherwise materially affect the suitability of the individual.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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