19. PSPs should set out in their policies and procedures: a) what constitutes a short timeframe for …

PSPs should set out in their policies and procedures:

• a) what constitutes a short timeframe for different types of transfers; PSPs should deter-mine this timeframe in a way that is commensurate with the ML/TF risk to which their business is exposed, based on the risk assessments they have carried out in line with the EBA’s ML/TF Risk Factors Guidelines⁵ ;
• b) how they will identify attempts to circumvent the threshold or evade detection; and
• c) any other scenarios that might also give rise to linked transactions.

⁵ EBA/CP/2023/11.

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/