Risk & Compliance
EBA Guidelines: onboarding the vulnerable client
The European Banking Authority (EBA) published new AML-related guidelines on 31 March 2023, which took effect on 3 November 2023. These guidelines impose additional requirements on the controls that institutions have for effective management of Money Laundering & Terrorist Financing (ML/TF) when providing access to financial services. As such, they mainly focus on customer acceptance. […]
