Recital 41

(41) Individuals entrusted with tasks related to an obliged entity’s compliance with AML/CFT requirements should undergo assessment of their skills, knowledge, expertise, integrity and conduct. Performance by employees of tasks related to the obliged entity’s compliance with the AML/CFT framework in relation to customers with whom they have a close private or professional relationship can lead to conflicts of interests and undermine the integrity of the system. Such relations might exist at the time of the establishment of the business relationship but can also arise thereafter. Therefore, obliged entities should have in place processes to manage and address conflicts of interests. Those processes should ensure that employees are prevented from performing any tasks related to the obliged entity’s compliance with the AML/CFT framework in relation to such customers.

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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.