Regulatory Alerts2016-03-03
Added · Updated
Second-tier senior officers: integrity screening
Banks and insurers are required to conduct their own propriety assessments of second-tier senior officers and submit the results to DNB using the specified form. Organizations must consult available information sources, such as internal systems, land registry, trade registers, and public data banks, to evaluate the integrity of these individuals. DNB performs a parallel assessment and may conduct additional inquiries into tax, supervisory, and criminal antecedents. The submission must be signed by authorized signatories, and the quality of the organization's initial assessment influences the speed of DNB's review.
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