What is a sub-processor?
A sub-processor is a third-party data processor engaged by ANTI-MONEY LAUNDERING. The sub-processor has or potentially will get access to personal data that ANTI-MONEY LAUNDERING processes on behalf of its customers.
Why and how should I assess this?
If you choose to use ANTI-MONEY LAUNDERING as a processor, the sub-processors listed will have access to personal data processed on your behalf. When you assess the sub-processors of your vendors, you need to ensure the following:
A signed data processing agreement
You need to have a signed contract in place that commits ANTI-MONEY LAUNDERING to only use sub-processors with your permission.
Transfers of data out of Europe
If ANTI-MONEY LAUNDERING uses a sub-processor located outside Europe, there must be a legal basis for the transfer.