EBA EXTERNAL COMMUNICATIONS - The EBA consults on Guidelines to tackle de-risking

In December, following up on its Opinion on de-risking, the EBA launched a public consultation on new Guidelines to tackle de-risking. The consultation covers two set of Guidelines.

The first set consists of a new section to the EBA’s ML/TF risk factors Guidelines dedicated to not-for-profit organisations and set out what financial institutions should do to identify and tackle ML/TF risk associated with these customers.

date: 16/12/2022

The second set are new Guidelines, which clarify the interaction between access to financial services and institutions’ AML/CFT obligations, particularly in situations where customers, including the most vulnerable such as refugees and homeless people, have legitimate reasons to be unable to provide traditional forms of identity documentation.

The consultation is open until 6 February 2023 and a public hearing will be held 10 January 2023.

The EBA consults on Guidelines to tackle de-risking

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