Estensione degli Orientamenti dell’Autorità Bancaria Europea sull’utilizzo di soluzioni di onboarding a distanza del cliente

The Bank of Italy has published a document for public consultation, proposing the extension of the EBA guidelines on the use of remote customer onboarding solutions to supervised intermediaries who are not the direct recipients.
The purpose of the consultation is to ensure consistency and uniformity in the application of the regulatory framework for all supervised entities.
The EBA guidelines provide instructions for ensuring compliance with anti-money laundering obligations in the context of remote customer onboarding.
The Bank of Italy intends to extend the European Banking Authority’s guidelines on remote customer onboarding to supervised intermediaries who are not direct recipients of the guidelines.
The extension would apply to intermediary institutions such as in 106 TUB, fiduciary companies, micro-credit providers, Poste Italiane for their banking activities, and Cassa Depositi e Prestiti (CDP), ensuring consistency and uniformity in the application of the regulatory framework to all supervised entities.
Additionally, the consultation suggests to establish a deadline of 2 October 2024, by which all intermediaries would be required to comply with the EBA guidelines, even for remote onboarding solutions already in use and not yet reviewed.
The EBA guidelines will come into effect on 2 October 2023, for intermediaries implementing new remote onboarding solutions or revising existing ones for new clients.
To ensure equal conditions and regulatory certainty, Bank of Italy considers it necessary to establish a final deadline for all intermediaries to comply.
The consultation will remain open for 60 days starting from 15 June 2023, the date of publication of the document, thus until 8 August 2023.