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