![]() ![]() If our service is deemed “VRM Liable” what happens next? We will conduct a deeper assessment for services where the risk profile indicates that this is necessary.Ħ. Liability for VRM is decided using a risk based assessment of the services being provided. What are the criteria for going through the VRM process? ![]() ![]() We expect the process to be much quicker and easier going forward with greater consistency and a lower administrative burden.ĥ. You will manage and maintain your own evidence and liaise with the Bank through an online portal (dbSupplierManagement/dbSLPM). We will be more direct and transparent with you regarding the VRM process and how to navigate it. What will be different for third parties?
0 Comments
Leave a Reply. |