European Banking Authority (EBA) Guidelines on the Use of Remote Customer Onboarding Solutions – application begins on 2 October 2023

On 22 November 2022, the EBA published Guidelines on the Use of Remote Customer Onboarding Solutions (EBA/GL/2022/15). The Financial Supervisory Authority (FIN-FSA) has notified the EBA that it will comply with the Guidelines.

Contents

The purpose of the Guidelines is to create common EU practices for the use of remote customer onboarding solutions. A further purpose is to help credit and financial institutions comply with the obligations set for them in preventing money laundering and terrorist financing.

The Guidelines set out the steps that credit and financial institutions should take when assessing the adequacy and effectiveness of remote customer onboarding solutions from the perspective of supervised entities’ own activities.

Entry into force

Application of the Guidelines begins on 2 October 2023

Other considerations

FIN-FSA Regulations and guidelines 2/2023 – Preventing Money Laundering and Terrorist Financing provides supervised entities with more detailed guidelines on remote identification.

For further information, please contact

Pekka Vasara, Head of Division, tel. +358 9 183 5513

Appendix

EBA Guidelines on the Use of Remote Customer Onboarding Solutions