9.12

Please note that AI-generated content should not be considered legal advice. Users are encouraged to consult with qualified professionals or legal advisors where specific legal guidance is required.

We are committed to transparency and responsible use of AI in a way that supports, but never replaces, human expertise.

If you have any questions or concerns about the use of AI on our platform, please feel free to contact us.

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 II: Sector-specific Guidelines
Guideline 9: Sectoral guideline for retail banks (9.1-9.24)
Measures (9.12-9.24)
9.12

Previous Next

Version date: 1 March 2021 - onwards

Where banks use automated systems to identify ML/TF risk associated with individual business relationships or occasional transactions and to identify suspicious transactions, they should ensure that these systems are fit for purpose in line with the criteria set out in Title I. The use of automated IT systems should never be considered a substitute for staff vigilance.

Previous Next

Log in

Username

Password

Remember me

Request a trial

The best way to experience Better Regulation is to try it - free and without obligation.

Take a trial