10.11

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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)
Measures (10.11-10.18)
Customer Due Diligence measures (10.11-10.14)
10.11

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Version date: 1 March 2021 - onwards

Firms should apply CDD measures to:

a) The owner of the electronic money account or product; and

b) Additional card holders. Where products are linked to multiple cards, firms should establish whether they have entered into one or more business relationships, and whether additional card holders could be beneficial owners.

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