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Archive » November 2021 » The new Eba guidelines for customer due diligence and the risk of Money laundering and Terrorist financing

The new Eba guidelines for customer due diligence and the risk of Money laundering and Terrorist financing

Fulvio Berghella
November 2021 - n. 11
Keywords: Eba, adeguata verifica delle clientela, antiriciclaggio
Jel codes: K42, G28

Eba has expanded the holistic approach to counter Money laundering and Terrorist financing, by introducing new Guidelines for customer due diligence, assessments, and control of risk factors. The sectoral Guidelines have therefore been amended, integrated, and extended to include crowdfunding platforms, corporate finance, payment service providers (Pisps), account information service providers (Aisps) and currency exchange companies. With particular attention to the issues of financial inclusion, long-distance relationships, virtual currencies, countries at risk and the beneficial owner. The new rules are in force in Italy from the 26th of October.

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