The Guidelines promote a common understanding of the risk-based approach to AML/CFT and set out how it should be applied. . These Guidelines are part of the ESAs’ wider work on fostering a consistent and effective approach to AML/CFT by both, credit and financial institutions, and AML/CFT supervisors. The Guidelines provide credit and financial institutions with the tools they need to make informed, risk-based decisions on the effective management of individual business relationships and occasional transactions for AML/CFT purposes.
27 June 2018 Market Integrity MiFID – Secondary Markets ESMA Executive Director Verena Ross delivered a speech today and the Markets in Financial Instruments Directive (MiFID II) and Legal Entity Identifiers (LEIs). Original Article Here