125. Competent authorities should also assess the need for further guidance in the sector. …

Competent authorities should also assess the need for further guidance in the sector. Competent authorities should assess the level of AML/CFT knowledge and expertise in their sector based on reoccurring issues, emerging risks or other concerns arising from their analysis of information gathered for the risk assessment, findings from inspections, including thematic reviews, and from other engagements with the sector, including trade associations. Some of the indicators that may suggest that further guidance may be needed, include but are not limited to:

• a) repeated failures by subjects of assessment to comply with certain AML/CFT obligations;
• b) recent changes in the legislative framework at the national or EU level that may have an impact on subjects of assessment’s ability to comply with their AML/CFT obligations;
• c) evidence of de-risking in some sectors or subjects of assessment, or evidence that subjects of assessment avoid risks rather than manage them effectively;
• d) repeated questions addressed to competent authorities or requests for guidance on certain aspect of the AML/CFT framework;
• e) emergence of new ML/TF risks and typologies;
•  A1
• f) concerns about the quality and usefulness of suspicious transaction reports.
•  O

1. Panoramica

1.1 Riferimenti

1.2 Requisiti identificati

1.3 Standard correlati

2. Requisiti identificati

3. Standard correlati

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