119. Where competent authorities have identified that subjects of assessment have failed to …

Where competent authorities have identified that subjects of assessment have failed to implement their group-wide policies and procedures effectively in all parts of the group in accordance with Article 45(1) of Directive 2015/849 and that their systems and controls are not sufficiently robust to mitigate the risk to which the group is exposed in different jurisdictions, the competent authority should take the necessary steps to ensure that:

• a) subjects of assessment have put in place a remediation plan at a group level setting out how they will remediate the identified weaknesses in different jurisdictions;
• b) they cooperate with other competent authorities involved in the supervision of the group entities without delay, either through AML/CFT colleges or through other cooperation mechanisms, to ensure that they are aware of these weakness; and
• c) they cooperate with other competent authorities and, potentially, prudential supervisors to decide on the most appropriate follow-up action, either at a group or individual entity level, as necessary. Such follow-up may involve, among other supervisory tools, a joint on-site inspection or a common approach between different competent authorities.

1. Przegląd

1.1 Odwołania

1.2 Zidentyfikowane wymagania

1.3 Powiązane normy

2. Zidentyfikowane wymagania

3. Powiązane normy

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