Citation Audit

Citation: Article 17 1. – Where branches or subsidiaries of obliged entities are located in third countries where the minimum AML/CFT requirements are less strict than those set out in this Regulation, the parent undertaking shall ensure that those branches or subsidiaries comply with the requirements laid down in this Regulation, including requirements concerning data protection, or equivalent.

Control: CC ID 16694 – Establish, implement, and maintain a subsidiary compliance program.