The Supervisory Authorities shall, within their respective areas of competence, undertake the duties of supervision, monitoring, and follow-up to ensure compliance with the provisions set forth in this Decree by Law, its Executive Regulations, and any other decisions issued thereby in connection therewith. In particular, the Supervisory Authorities shall have the following competences: 1. To conduct risk assessments concerning the likelihood of the Crime occurring within Financial Institutions, Designated Non-Financial Businesses and Professions, activities of Virtual Asset Service Providers, and Non-Profit Organizations. 2. To perform supervisory and inspection operations, whether desk-based or field-based, over Financial Institutions, Designated Non-Financial Businesses and Professions, Virtual Asset Service Providers, and Non-Profit Organizations. 3. To maintain statistics on the measures undertaken and the penalties imposed. 4. Any other competences as provided under the provisions of this Decree by Law or as may be determined by its Executive Regulations.
Interpretation and application must be checked against the official text and current version.