2.9

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Final Report - Guidelines EBA/2021/02 on 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 ('The ML/TF Risk Factors Guidelines') under Directive (EU) 2015/849 (EBA/GL/2021/02) (updated 30 December 2024)
Guidelines
Title I: General Guidelines
Guideline 2: Identifying ML/TF risk factors (2.1-2.21)
Countries and geographical areas (2.9-2.15)
2.9

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Version date: 1 March 2021 - onwards

When identifying the risk associated with countries and geographical areas, firms should consider the risk related to:

a) the jurisdictions in which the customer is based or is resident, and beneficial owner is resident;

b) the jurisdictions that are the customer’s and beneficial owner’s main places of business; and

c) the jurisdictions to which the customer and beneficial owner have relevant personal or business links, or financial or legal interests.

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