15. In Guideline 4.61, point a) is replaced by the following: ‘a) taking reasonable and appropriate …

In Guideline 4.61, point a) is replaced by the following:

‘a) taking reasonable and appropriate measures to understand the background and purpose of these transactions, for example by determining the source and destination of the funds or crypto- assets or finding out more about the customer’s business to ascertain the likelihood of the customer making such transactions; and’

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA - Published by the European Banking Authority at https://www.eba.europa.eu/