14th December 2021

The Financial Intelligence Analysis Unit (FIAU) would like to bring to the attention of all subject persons the consultation paper which has been published by the European Banking Authority (EBA) containing draft Guidelines on the use of remote customer onboarding solutions.

These Guidelines set out a common understanding by competent authorities of the steps financial sector operators should take to ensure safe and effective remote customer onboarding practices, in line with applicable anti-money laundering and countering the financing of terrorism legislation and the EU’s data protection framework. More information on the draft Guidelines, including the consultation paper, may be found on the EBA’s website or by clicking the button below.

Once published, the final version of these Guidelines will be binding. Subject persons are therefore being encouraged to read the draft Guidelines and submit their feedback.

This consultation runs until 10 March 2022. Any comments or feedback to the draft Guidelines can be sent directly to the EBA by clicking on the “send your comments” button on the EBA’S consultation page.