Citation Audit

Citation: Article 38 6. ¶ 1 (a) – abstain from entering into new business relationships with the third-country respondent institution unless they conclude, on the basis of the information collected under Article 36 or 37, that the mitigating measures applied to the business relationship with the third-country respondent institution and the measures in place in the third-country respondent institution can adequately mitigate the money laundering and terrorist financing risks associated with that business relationship;

Control: CC ID 796 – Establish, implement, and maintain procedures for establishing, maintaining, and terminating third party contracts.