Recital 103

(103) In order for reliance on measures carried out by a third-party to function efficiently, further clarity is needed around the conditions according to which such reliance takes place. AMLA should have the task of developing guidelines on the conditions under which third-party reliance can take place, as well as the roles and responsibilities of the respective parties. To ensure that consistent oversight of reliance is ensured throughout the Union, those guidelines should also provide clarity on how supervisors should take into account such practices and verify compliance with AML/CFT requirements where obliged entities resort to those practices.

← Recital 102 · All articles · Recital 104 →

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