10.9

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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 II: Sector-specific Guidelines
Guideline 10: Sectoral guideline for electronic money issuers (10.1-10.18)
Risk factors (10.3-10.10)
Distribution channel risk factors (10.8-10.9)
10.9

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Version date: 1 March 2021 - onwards

Firms should, prior to signing a distribution agreement with a merchant, understand the nature and purpose of the merchant’s business to satisfy themselves that the goods and services provided are legitimate and to assess the ML/TF risk associated with the merchant’s business. In case of an online merchant, firms should also take steps to understand the type of customers this merchant attracts, and establish the expected volume and size of transactions in order to spot suspicious or unusual transactions

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