5.03.2021. Pārskatītās vadlīnijas par naudas atmazgāšanu, terorisma finansēšanas riska faktoriem

Company News

The European Banking Authority (EBA) published revised guidelines for money-laundering and terrorist-financing risk factors, including guidance on related risk assessments and customer due diligence (CDD) for beneficial owners.
The guidelines, which are addressed to both financial institutions and supervisory authorities, separately incorporate sectoral guidance on crowdfunding platforms, corporate finance, payment initiation services providers (PISPs), account information service providers (AISPs).
Under the revisions, financial institutions must identify the beneficial owner of a corporate client, determine that the customer’s ownership structure isn’t unduly complex or opaque, and assess whether true control of the legal entity is in the hands of an individual not named as its owner—inclusions to the amended guidelines that largely echo industry practices.
Such compliance steps, however, cannot solely rely on data included in national beneficial ownership registers, the EBA warned, noting that firms may need to take additional steps to verify customer information, particularly when the risks associated with the business have increased or when they have reasons to doubt that the register’s data is inaccurate.
Compliance professionals that use technological solutions for beneficial-ownership identification and verification purposes should assess whether their use of such tools sufficiently addresses, or perhaps exacerbates, their AML/CFT risks, according to the revised guidelines.