25. Guideline 9.16 is replaced by the following: ‘9.16 Where a bank’s customer opens a …

Guideline 9.16 is replaced by the following:

‘9.16 Where a bank’s customer opens a ‘pooled/omnibus account’ in order to administer funds or crypto-assets that belong to the customer’s own clients, the bank should apply full CDD measures, including treating the customer’s clients as the beneficial owners of funds held in the pooled account and verifying their identities.’

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/