Recital 7

(7)Regulation (EU) No 1093/2010 of the European Parliament and of the Council ² , Regulation (EU) No 1094/2010 of the European Parliament and of the Council ³ and Regulation (EU) No 1095/2010 of the European Parliament and of the Council ⁴ empower the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and European Securities and Markets Authority (ESMA), respectively, to issue joint guidelines to ensure the common, uniform and consistent application of Union law. When complying with this Regulation credit institutions and financial institutions should take into account the joint guidelines issued in accordance with Article 17 and Article 18(4) of Directive (EU) 2015/849 on simplified and enhanced customer due diligence and the factors credit and financial institutions should consider when assessing the money laundering and terrorist financing risk associated with individual business relationships and occasional transactions and make every effort to comply with those guidelines.