Guidelines on the use of remote customer onboarding solutions

The FSMA published a document specifying the EBA Guidelines EBA/GL/2022/15 for businesses operating under the regulatory control of the FSMA regarding anti-money laundering measures when entering into remote business relationships with new clients.
The present EBA guidelines complement EU Directive 2015/849, which specifies measures for preventing the use of the financial system for the purposes of money laundering or terrorist financing. These EBA guidelines apply to entities that fall under the FSMA’s supervision and are listed under the AML/CFT Law. The FSMA will consider the EBA guidelines when interpreting the AML/CFT Law for other entities subject to its authority.
Hence, the EBA guidelines specify measures that credit institutions and financial establishments must implement to fulfill their customer due diligence obligations when using remote customer onboarding solutions. These measures include the policies and procedures to be put in place when using remote business relationship solutions, ongoing assessment of their suitability and reliability, and information to be collected to verify the authenticity and integrity of third-party information. The EBA guidelines will be incorporated into the FSMA’s control policy from 2 October 2023, to evaluate the adequacy of anti-money laundering procedures implemented by regulated entities.
The FSMA also provided a French translation of these EBA guidelines.