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AI Summary of 4.4

Version date: 1 March 2021 - onwards

4.4

When complying with their obligation under Article 8 of Directive 2015/849 to obtain approval for their AML/CFT policies, controls and procedures from their senior management, firms should ensure that senior management have access to sufficient data, including the firm's business-wide ML/TF risk assessment, to take an informed view on the adequacy and effectiveness of these policies and procedures and in particular their CDD policies and procedures.