NFU Consultation Reply on Consumer Due Diligence and ML-TF risk factors (2020)
Summary
The EBA issued a public consultation on revised money laundering and terrorist financing (ML/TF) risk factors Guidelines as part of a broader communication on AML/CFT issues. This update takes into account changes to the EU Anti-Money Laundering and Counter-Terrorism Financing (AML/CFT) legal framework and new ML/TF risks, including those identified by the EBA’s implementation reviews.
Nordic Financial Unions (NFU) replied to the consultation, emphasising the perspective of Nordic financial employees.