+Definitions
---+7. Unless otherwise specified, terms used and defined in Directive (EU) 2015/849 have the same …
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Definitions
Definitions
1. Overview
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Regulation |
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7. Unless otherwise specified, terms used and defined in Directive (EU) 2015/849 have the same …
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Unless otherwise specified, terms used and defined in Directive (EU) 2015/849 have the same meaning in the guidelines. In addition, for the purposes of these guidelines, the fol-lowing definitions apply: | De-risking | a refusal to enter into or a decision to terminate business relationships with individual customers or categories of customers associated with higher ML/TF risk, or to refuse to carry out higher ML/TF risk transactions. | | ML/TF risk | the likelihood and impact of ML/TF taking place. | | ML/TF risk factors | variables that, either on their own or in combination, may increase or de-crease ML/TF risk. | | Risk‐based approach | means an approach whereby competent authorities and credit and finan-cial institutions identify, assess and understand the ML/TF risks to which institutions are exposed and take AML/CFT measures that are proportion-ate to those risks. | | Jurisdictions associated with higher ML/TF risk | means countries that, based on an assessment of the risk factors set out in Title I of these guidelines, present a higher ML/TF risk. This excludes ‘high - risk third countries’ identified as having strategic deficiencies in their AML/CFT regime, which pose a significant threat to the Union’s financial system (Article 9 of Directive (EU) 2015/849). |
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1.1 References
1.2 Identified Requirements
1.3 Related Standards
2. Identified Requirements
Requirements
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Requirement |
3. Related Standards
Standards
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Requirement |
- EBA -
EN: Guidelines and other publications of the European Banking Authority (EBA), https://www.eba.europa.eu/. © European Banking Authority. Reproduction is authorised provided the source is acknowledged (EBA legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the versions published by the EBA are authoritative.
DE: Leitlinien und weitere Veröffentlichungen der Europäischen Bankenaufsichtsbehörde (EBA), https://www.eba.europa.eu/. © European Banking Authority. Wiedergabe mit Quellenangabe gestattet (Rechtlicher Hinweis der EBA). In Abschnitte aufgeteilt und in das GRCA-Format umgewandelt, der Wortlaut unverändert. Maßgeblich sind allein die von der EBA veröffentlichten Fassungen.
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