AML-CFT Training - Internal Controls & Record Keeping, Recommendations 18 and 11 - page 6

What Does This Mean?
Based on the ML/TF risk and the size of the sector,
regulated entities should:
develop internal policies, procedures and controls,
including appropriate compliance management
arrangements and adequate screening processes
for hiring employees
Compliance management
arrangements should
include the appointment of a CO at the management
level for Financial Institutions
Internal Controls
1,2,3,4,5 7,8,9,10,11,12,13
Powered by FlippingBook