Article 38 AMLR – Specific measures for individual third-country respondent institutions 1.   Credit institutions and financial institutions shall apply the measures laid down in paragraph 6 of this Article in relation to third-country respondent institutions with which they have a correspondent relationship pursuant to Articles 36 or 37 and in respect of which AMLA issues a recommendation pursuant to paragraph 2 of this Article. 2.   AMLA shall issue a recommendation addressed to credit institutions and financial institutions where there are concerns that respondent institutions in third countries fall into any of the following situations: (a) they are in serious, repeated or systematic breach of AML/CFT requirements; (b) they have weaknesses in their internal policies, … Continue reading Article 38 AMLRRead More →