The financial institution shall establish working procedures for the processing of reports, describing detailed steps of each procedure and specifying the inputs, outputs, models and automated systems used for each procedure as well as the individuals authorized. These working procedures should include at least the following stages:

1. Report reception; 
2. Initial assessment;
3. Identification of verification plan;
4. Documentation of rationale supporting the processing decision;
5. Decision taken for processing;
6. Follow-up on decision implementation; and
7. Record keeping.