+Definitions
---+9. Unless otherwise specified, terms used and defined in Regulation (EU) 2023/1113, in Directive …

Definitions

1. Overview

9. Unless otherwise specified, terms used and defined in Regulation (EU) 2023/1113, in Directive …

Unless otherwise specified, terms used and defined in Regulation (EU) 2023/1113, in Directive (EU) 2015/849 and in Directive (EU) 2015/2366 have the same meaning in the Guidelines. Furthermore, for the purpose of these Guidelines, the following definitions apply:

Risk	Means the impact and likelihood of ML/TF taking place. Means variables that, either on their own or in combination, may increase or decrease the ML/TF risk
Risk factors	posed by an individual business relationship, occasional transaction or transfer. Means an approach whereby competent authorities, PSPs, IPSPs, CASPs and ICASPs identify, assess and understand
Risk-based approach	the ML/TF risks to which PSPs, IPSPs, CASPs and ICASPs are exposed and take AML/CFT measures that are proportionate to those risks. Means the end-to-end sequence of parties, processes and interactions involved in facilitating the transfer of funds
Transfer chain	and transfer of crypto-assets, as defined in Regulation (EU) 2023/1113, from the payer or originator to the payee or beneficiary.

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements
Source	Requirement

3. Related Standards

Standards
Source	Requirement

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