34. Competent authorities should consult the AML/CFT competent authority in accordance with Article …

Competent authorities should consult the AML/CFT competent authority in accordance with Article 48(c)5 of CRD, and subsequently assess the level of expected prudential impact of the following:

• a) the knowledge and skills of the person responsible for the TCB’s compliance with AML/CFT requirements in the Member State where the application for authorisation has been submitted. This assessment should cover the person‘s adequate knowledge of the local laws and regulations governing AML/CFT of the Member States where the TCB will be established;
• b) whether the envisaged TCB’s ML/TF risk assessment is plausible in light of the TCB’s size, business model and target customers, whether it adequately captures the inherent risk factors relating to the target customers, product and services offered and distribution channels used;
• c) whether the arrangements and resources dedicated to the TCB’s AML/CFT compliance function are sufficient in light of the level of ML/TF risks identified in the TCB’s ML/TF risk assessment;
• d) the adequacy of the AML/CF-related policies and procedures of the TCB’s internal systems and controls. The assessment should also focus on how the proposed key policies and procedures would allow the TCB to mitigate the ML/TF risks identified in the ML/TF risk assessment of the TCB the day of its access to the market.

1. Pregled

1.1 Reference

1.2 Utvrđeni zahtjevi

1.3 Povezani standardi

2. Utvrđeni zahtjevi

3. Povezani standardi

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