Strengthening the fight against ML/TF

The Risk Factors Guidelines are central to our work to lead, coordinate and monitor the fight against money laundering and terrorist financing. They set out a common understanding of the risk-based approach to AML/CFT, and how this should be applied by
financial institutions. Supervisors should use these guidelines to assess whether financial institutions’ AML/CFT efforts are adequate and effective.
We have updated our Risk Factors Guidelines to reflect changes to the EU’s AML/CFT legal framework. We have also included new information on ML/TF risks, and the measures institutions should take to identify, assess and mitigate those risks. New sectoral
guidelines have been added on crowdfunding platforms, corporate finance, payment initiation services providers and account information service providers and for firms providing activities of currency exchanges offices.