3. Member States shall ensure that supervisors verify, on a risk-sensitive basis, whether the requirements of paragraphs 1 and 2 continue to be met. In particular, they shall verify whether the senior management of obliged entities referred to in paragraph 1 is of good repute, acts with honesty and integrity and possesses knowledge and expertise necessary to carry out its functions in cases where there are reasonable grounds to suspect that money laundering or terrorist financing is being or has been committed or attempted, or there is increased risk thereof in an obliged entity.