The sector-specific guidelines in Title II complement the general guidance in Title I of these guidelines. They should be read in conjunction with Title I.

The risk factors described in each sectoral guideline of Title II are not exhaustive. Firms should take a holistic view of the risk associated with the situation and note that isolated risk factors do not necessarily move a business relationship or occasional transaction into a higher or lower risk category.

Each sectoral guideline in Title II also sets out examples of the CDD measures firms should apply on a risk-sensitive basis in high-risk and, to the extent permitted by national legislation, low risk situations. These examples are not exhaustive and firms should decide on the most appropriate CDD measures in line with the level and type of ML/TF risk they have identified.