In March, the EBA issued guidelines amending the ML/TF risk factors guidelines on the effective management of ML/TF risks and access to financial services', following a three -month consultation and a public hearing.

The purpose of the new guidelines is to ensure that customers have access to the financial services they need to fully participate in society and that they are not denied such access on unsubstantiated AML/CFT grounds or without a valid reason. The guidelines set common expectations of effective money ML/TF risk management practices in those situations.