16.10

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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 16: Sectoral guideline for providers of investment funds (16.1-16.22)
Risk factors (16.5-16.12)
Distribution channel risk factors (16.10-16.11)
16.10

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Version date: 1 March 2021 - onwards

The following factors may contribute to increasing risk:

a) Complex distribution channels that limit the fund’s oversight of its business relationships and restrict its ability to monitor transactions, for example the fund uses a large number of sub-distributors for distribution in third countries;

b) the distributor is located in a jurisdiction associated with higher ML/TF risk as defined in the general part of these guidelines.

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