Compliance Monitoring & Testing
MT-06Log every test and escalate findings by severity
How Leela would run itEvent-driven · on every finding; Critical immediately, High within 5 business days
From the policy libraryThe requirement
Every test is written up in the Testing Log and every finding is classified Critical, High, Moderate, or Low. Critical findings go to the CEO and the sponsor bank immediately, High findings to the CEO within 5 business days, and the rest are tracked and reported quarterly. Workpapers are kept for seven years.
- Applies
- Tell Leela about your company to see whether this applies.
- Status
- Setup needed
Tell Leela how you handle it today, or hand it over: see what’s next.
The work
Record the finding in the Issues Log with severity and root cause, escalate on the severity clock, track remediation to closure, and retain the workpaper.
What Leela keepsThe evidence this obligation leaves, as the work happens
Listed from the policy libraryContents
- 01Testing Log entryControl, population, sample, results, severity
- 02Escalation recordNotice to the CEO or sponsor bank with date
Evidence
Testing Log entry
Compliance Monitoring & Testing §4.3, §5, §6, §9
2
of 2 records
The work and the records come from this obligation in the policy library.