90. Competent authorities should exercise flexibility to be able to adapt their use of supervisory …

Competent authorities should exercise flexibility to be able to adapt their use of supervisory tools also in response to emerging ML/TF risks within the subject of assessment, sector or subsector as they arise. This means that where competent authorities have identified an emerging ML/TF risk, either through AML/CFT returns, other supervisory tools or other means, they should consider whether a further and more intrusive assessment through an off-site review or an on-site inspection may be necessary to ensure that the subjects of assessment ’s systems and controls are sufficiently robust to mitigate the emerging risk. Therefore, on-site inspections allow competent authorities to:

• a) develop a deeper understanding of the subject of assessment ’ s overall approach towards AML/CFT, including practices, governance, staff behaviours and culture;
• b) discuss potential risks, the results of supervisory activities, as well as problems which the subject of assessment might be facing and ways to solve them;
• c) communicate their supervisory expectations directly to subjects of assessment.

1. Prezentare generală

1.1 Referințe

1.2 Cerințe identificate

1.3 Standarde asociate

2. Cerințe identificate

3. Standarde asociate

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/