Implementation of EBA Guidelines on AML/CFT Compliance Policies and Procedures under Article 8 and Chapter VI of Directive (EU) 2015/849

NOTICE Implementation of the European Banking Authority (EBA) Guidelines concerning policies and procedures related to the management of compliance obligations and the role and responsibilities of the Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) compliance officer under Article 8 and Chapter VI of Directive (EU) 2015/849

The Prudential Control and Resolution Authority (ACPR) has declared itself in conformity with the European Banking Authority (EBA) guidelines concerning policies and procedures related to the management of compliance obligations and the role and responsibilities of the Anti-Money Laundering/Countering the Financing of Terrorism (AML/CFT) compliance officer under Article 8 and Chapter VI of Directive (EU) 2015/849.

These guidelines specify, at both the level of the regulated entity and the group, the roles and responsibilities:

• of management bodies (management and supervisory functions, without however undermining the collective responsibility of the supervisory body);
• of the "AML Compliance Officer" (AMLCO) mentioned in paragraph 4 of Article 8 of Directive (EU) 2015/849. This function corresponds to the function of head of the AML/CFT framework implementation provided for in Article L. 561-32 of the Monetary and Financial Code and specified in Article 3 of the Order of January 6, 2021.

These guidelines are applicable to all credit institutions and financial institutions defined in paragraphs 1 and 2 of Article 3 of Directive (EU) 2015/849.