Risk Evaluation Questionnaire 2021
Risk Evaluation Questionnaire 2021
In preparation to the required submissions, subject persons are due to start collecting and collating the necessary information which should enable them to complete the REQ in a timely manner.
The deadlines for submission of the 2021 REQs are as follows:
14 April - Virtual Financial Assets (VFA) Agents, Real Estate Agents, Notaries, Gaming Operators
21 April - Trustees & Fiduciaries, Company Service Providers, Accountants & Auditors, Advocates, Tax Advisors
28 April - Credit Institutions, Financial Institutions, Investments Service & Securities Markets, Insurance & Pensions.
The deadline for the Virtual Financial Assets Service Providers will be communicated at a later stage. Submission of the REQ following the respective deadlines will be considered as a late submission and may result in subject persons being liable to an administrative penalty.
BDO is here to help!
We can help in the preparation of the REQs by providing support services to subject persons. In particular, BDO can assist subject persons in understanding the REQs and what information is required. Besides this, BDO can help subject persons in preparing business risk assessments.