76. Competent authorities should ensure that subjects of assessment exposed to significant and very …

Competent authorities should ensure that subjects of assessment exposed to significant and very significant ML/TF risks are subject to more frequent and intrusive supervision than those exposed to moderately or less significant risks. Competent authorities should adjust their supervisory approach by adjusting one or more of the following elements:

• a) the nature of supervision, by adjusting the ratio between off-site and on-site supervisory tools;
• b) the focus of supervision, by focusing on the overall AML/CFT framework in place at subjects of assessment or by focusing on the management of specific ML/TF risks, including risks associated with particular products or services, or on specific aspects of the AML/CFT processes such as customer identification, risk assessment, ongoing monitoring and reporting activities;
• c) the frequency of supervision, by ensuring that subjects of assessment that are exposed to more significant ML/TF risks are supervised more frequently than those subjects of assessment that are exposed to less significant risks; and
• d) the intensity and intrusiveness of supervision, by determining, according to risk, the extent of customer file reviews, sample testing of transactions and suspicious transactions reports conducted on-site. Competent authorities should note that a review ba sed only on an assessment of policies and procedures, rather than on their implementation, is unlikely to be sufficient in situations where the exposure to ML/TF risk is more significant. 4.4.2 Supervisory strategy

1. Pārskats

1.1 Atsauces

1.2 Identificētās prasības

1.3 Saistītie standarti

2. Identificētās prasības

3. Saistītie standarti

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