European Supervisory Authorities’ Regulatory Technical Standards, Guidelines and Opinions
Regulatory Technical Standards
Draft Joint Regulatory Technical Standards on the measures credit institutions and financial institutions shall take to mitigate the risk of money laundering and terrorist financing where a third country’s law does not permit the application of group-wide policies and procedures.
1. The Risk Factors Guidelines
Joint Guidelines under Articles 17 and 18(4) of Directive (EU) 2015/849 on simplified and enhanced customer due diligence and the factors credit and financial institutions should consider when assessing the money laundering and terrorist financing risk associated with individual business relationships and occasional transactions.
2. Guidelines on Risk Based Supervision
Joint Guidelines on the characteristics of a risk-based approach to anti-money laundering and terrorist financing supervision, and the steps to be taken when conducting supervision on a risk-sensitive basis.
3. Guidelines to prevent transfers of funds can be abused for ML and TF
Joint Guidelines under Article 25 of Regulation (EU) 2015/847 on the measures payment service providers should take to detect missing or incomplete information on the payer or the payee, and the procedures they should put in place to manage a transfer of funds lacking the required information.
1. Opinion on the use of innovative solutions by credit and financial institutions in the customer due diligence process
2. ESA’s Joint Opinion on the risks of money laundering and terrorist financing affecting the Union’s financial sector
3. Opinion of the European Banking Authority on the application of customer due diligence measures to customers who are asylum seekers from higher-risk third countries or territories