Euro Banking Association issues best practice recommendations towards harmonised KYC processes

By Samia Singh | March 7, 2023 |

The Euro Banking Association (EBA) today released recommendations on data verification for corporate-to-bank KYC in low-risk situations. Issued as a follow-up on its EBA Common Baseline Classification Standard (CBCS) released in April 2022, this new publication proposes a harmonised approach to corporate data collection and verification in know-your-customer (KYC) processes.

Posted in Press release