2 Amendments of Wim van de CAMP related to 2013/0025(COD)
Amendment 280 #
Proposal for a directive
Article 8 – paragraph 1
Article 8 – paragraph 1
1. Member States shall ensure that obliged entities take appropriate steps to identify and assess their money laundering and terrorist financing risks, in particular with the introduction of effective model risk management frameworks that include model development and implementation as well as effective validation taking into account risk factors including customers, countries or geographic areas, products, services, transactions or delivery channels. These steps shall be proportionate to the nature and size of the obliged entities.
Amendment 284 #
Proposal for a directive
Article 8 – paragraph 4 – point a
Article 8 – paragraph 4 – point a
(a) the development of internal policies, procedures and controls, including model risk management practices, customer due diligence, reporting, record keeping, internal control, compliance management (including, when appropriate to the size and nature of the business, the appointment of a compliance officer at management level) and employee screening;