1. Member States shall ensure that dedicated AML/CFT supervisory colleges are established in any of the following situations:
(a) where a credit or financial institution has set up establishments in at least two different Member States other than the Member State where its head office is situated;
(b) where a third-country credit or financial institution has set up establishments in at least three Member States.
2. For the purposes of paragraph 1, Member States shall ensure that financial supervisors identify:
(a) all credit and financial institutions operating on a cross-border basis that have been authorised in their Member State;
(b) all establishments set up by those institutions in other jurisdictions;
(c) establishments set up in their territory by credit and financial institutions from other Member States or third countries.
3. Members States may allow the establishment of AML/CFT supervisory colleges when a credit or financial institution established in the Union has set up est
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