Clifford Chance
New anti money laundering guidelines from the EBA
5 March 2021
On Monday, 1 March 2021, the European Banking Authority (EBA) published new AML and CTF guidelines on the risk factors and measures to be implemented where simplified customer due diligence and enhanced customer due diligence are appropriate (the "Guidelines"), in accordance with Articles 17 and 18(4) of the Fourth AML Directive (EU Directive 2015/849). In line with the evolution of the legislative framework, the Guidelines will replace those previously issued by the three European Supervisory Authorities (EBA, EIOPA1 and ESMA2) in June 2017 and will become applicable after the publication of the official versions in all EU languages.
