Addressees

These guidelines are addressed to credit and financial institutions as defined in Article 3(1) and 3(2) of Directive (EU) 2015/849, which are financial sector operators as defined in Ar-ticle 4(1a) of Regulation (EU) No 1093/2010. These guidelines are also addressed to com-petent authorities as defined in Article 4(2) point (iii) of Regulation (EU) No 1093/2010. Competent authorities should use these guidelines when assessing the adequacy of credit and financial institutions’ risk assessments and anti-money laundering and counter-terror-ist financing (AML/CFT) policies and procedures.