FIN.

EBA revises guidelines on AML/CFT risk factors

EBA has published updated guidelines on money laundering and terrorist financing risk factors under MLD4. The changes:

  • take account of legislative change;
  • address new risks;
  • strengthen the risk based approach;
  • specify expectations on CDD, identification of beneficial owners and use of ID & V technologies;
  • include new sectoral guidance for crowdfunding platforms, corporate finance, AISPs and PISPs and firms that act as currency exchange offices; and
  • encourage more effective and consistent supervision

Emma Radmore