5. 6. 7. 8. 9. 10.
BCP 6, 27. BCP 6, 27–28. BCP 7, 28. BCP 7, 28–29. BCP 7, 29. Each recommendation is assessed under different criteria according to Methodology for Assessing Compliance with the FATF Recommendations and the Effectiveness of AML/CFT Systems (FATF 2021, 12–14). 11. Offshore entities are located in offshore centers that are engaged primarily in business with nonresidents.
REFERENCES Ard, Laura A., Carlos Enrique Caceres, Pierre-Laurent Chatain, Leif Michael Clark, Brett E. Coleman, Ghenadie Cotelnic, Jose Garrido, and others. 2014. “Moldova—Financial Sector Assessment.” Financial Sector Assessment Program, World Bank, Washington, DC. https://documents .worldbank.org/curated/en/392881468288057798/Moldova-Financial-sector-assessment. CNBS (Comisión Nacional de Bancos y Seguros). 2015. “Testimonio de clientes y cuenta habientes Banco Continental S.A.” Press Release, CNBS, Tegucigalpa, October 14. https://www.cnbs.gob. hn/blog/2015/10/16/video-cnbs-16-10-2015-01/. EBA (European Banking Authority). 2016a. “Implementing Technical Standards on Common Procedures, Forms, and Templates for the Consultation Process between the Relevant Competent Authorities for Proposed Acquisitions of Qualifying Holdings in Credit Institutions as Referred to in Article 24 of Directive 2013/36/EU of the European Parliament and of the Council.” Final Report, EBA, Paris, September 22. https://eba.europa.eu/sites/default/documents /files/documents/10180/1586782/c772440c-89ab-4729-9cc1-04d73887f2ba/Final%20draft%20 ITS%20on%20the%20procedures%20and%20forms%20(EBA-ITS-2016-05).pdf. EBA (European Banking Authority). 2016b. “Joint Guidelines on the Prudential Assessment of Acquisitions and Increases of Qualifying Holdings in the Financial Sector.” Final Report, EBA, Paris, December 20. https://esas-joint-committee.europa.eu/Publications/Guidelines /JC_QH_GLs_EN.pdf. EBA (European Banking Authority). 2017. “Draft Regulatory Technical Standards under Article8(2) of Directive 2013/36/EU on the Information to Be Provided for the Authorisation of Credit Institutions, the Requirements Applicable to Shareholders and Members with Qualifying Holdings and Obstacles Which May Prevent the Effective Exercise of Supervisory Powers.” Final Report, EBA, Paris, July 14. https://eba.europa.eu/sites/default/documents/files /documents/10180/1907331/de9abe89-7be5-4fea-aaf8-43bd4e67d71e/Draft%20RTS%20and%20 ITS%20on%20Authorisation%20of%20Credit%20Institutions%20(EBA-RTS-2017-08%20EBA-ITS -2017-05).pdf. FATF (Financial Action Task Force). 2015. “Guidance for a Risk-Based Approach: Effective Supervision and Enforcement by AML/CFT Supervisors of the Financial Sector and Law Enforcement.” FATF, Paris, October. https://www.fatf-gafi.org/publications/fatfrecommendations /documents/rba-effective-supervision-and-enforcement.html. CHAPTER 2: THE LICENSING PROCESS AND AML/CFT DUE DILIGENCE
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