+Article 6 Transfer of customer data to Member States
---+Article 6 (a)
---+Article 6 (b)
---+Article 6 (c)
---+Article 6 (d)
---+Article 6 (e)

Article 6 Transfer of customer data to Member States

Where the third country's law prohibits or restricts the transfer of data related to customers of a branch and majority-owned subsidiary established in a third country to a Member State for the purpose of supervision for anti-money laundering and countering the financing of terrorism, credit institutions and financial institutions shall at least:

1. Panoramica

,
Article 6 (a)

inform the competent authority of the home Member State without undue delay and in any case no later than 28 calendar days after identifying the third country of the following:

(i)

the name of the third country concerned;

(ii)

how the implementation of the third country's law prohibits or restricts the transfer of data related to customers for the purpose of supervision for anti-money laundering and countering the financing of terrorism;
Article 6 (b)

carry out enhanced reviews, including, where this is commensurate with the money laundering and terrorist financing risk associated with the operation of the branch or majority-owned subsidiary established in the third country, onsite checks or independent audits, to be satisfied that the branch or majority-owned subsidiary effectively implements group-wide policies and procedures and that it adequately identifies, assesses and manages the money laundering and terrorist financing risks;
Article 6 (c)

provide the findings of the reviews referred to in point (b) to the competent authority of the home Member State upon request;
Article 6 (d)

require the branch or majority-owned subsidiary established in the third country regularly to provide relevant information to the credit institution's or financial institution's senior management, including at least the following:

(i)

the number of high risk customers and aggregated statistical data providing an overview of the reasons why customers have been classified as high risk, such as politically exposed person status;

(ii)

the number of suspicious transactions identified and reported and aggregated statistical data providing an overview of the circumstances that gave rise to suspicion;
Article 6 (e)

make the information referred to in point (d) available to the competent authority of the home Member State upon request.

1.1 Riferimenti

1.2 Requisiti identificati

1.3 Standard correlati

2. Requisiti identificati

Requisiti

3. Standard correlati

Standard