Subject matter and scope of application

These guidelines complement the EBA’s Guidelines on ML/TF risk factors (EBA/GL/2021/02) and specify further the policies, procedures and controls credit and financial institutions should have in place to mitigate and effectively manage ML/TF risks in accordance with Article 8(3) of Directive (EU) 2015/849, including measures with respect to the provision of a basic payment account in accordance with Article 16 of Directive (EU) 2014/92.⁶

⁶ Directive 2014/92/EU of the European Parliament and of the Council of 23 July 2014 on the comparability of fees re-lated to payment accounts, payment account switching and access to payment accounts with basic features (OJ L 257, 28.8.2014, p. 214 – 246)