2.16

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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)
Products, services and transactions risk factors (2.16-2.19)
2.16

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Version date: 1 March 2021 - onwards

When identifying the risk associated with their products, services or transactions, firms should consider the risk related to:

a) the level of transparency, or opaqueness, the product, service or transaction affords;

b) the complexity of the product, service or transaction; and

c) the value or size of the product, service or transaction.

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