Guidelines on the role, tasks and responsibilities of AML/CFT compliance officers

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These guidelines, published by the European Banking Authority, set out the role, tasks and responsibilities of the management body, the senior manager responsible for this area and the compliance officer in combatting money laundering and terrorist financing (hereafter AML/CFT), as well as the expectations in terms of policies and procedures for ensuring compliance with the AML/CFT obligations.

The FSMA considers that these guidelines provide useful details on the application of certain provisions of the Law of 18 September 2017 and of the FSMA Regulation of 3 July 2018, and has therefore incorporated these guidelines into its supervisory policy, in particular for the purpose of evaluating the adequacy of the governance arrangement and the compliance function put in place by the obliged entities to combat money laundering and terrorist financing.