Recital 86

(86) In order to assess and monitor more effectively and regularly the risks obliged entities are exposed to and the internal policies, procedures and controls they put in place to manage and mitigate those risks, and to implement targeted financial sanctions, it is necessary to clarify that national supervisors are both entitled and bound to conduct all the necessary off-site, on-site and thematic checks and any other inquiries and assessments as they see necessary. They should also be able to react without undue delay to any suspicion of non-compliance with applicable requirements and take appropriate supervisory measures to address allegations of non-compliance. This will not only help supervisors decide on those cases where the specific risks inherent in a sector are clear and understood, but also provide them with the tools required to further disseminate relevant information to obliged entities in order to inform their understanding of money laundering and terrorist financing risks.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.