The Wolfsberg Group, the association of global banks that aims to develop frameworks and guidance for the management of financial crime risks, and the Institute of International Finance (IIF), the global association of the financial industry, have submitted joint comments… Read More ›
Paris has officially announced its bid to host the new European Anti-Money Laundering Authority (AMLA) and its staff. The French capital is already home to the Financial Action Task Force (FATF) and the European Banking Authority (EBA), and the city’s… Read More ›
The European Banking Authority (EBA) has published a new report that calls for more proactive engagement between supervisors in anti-money laundering and counter financing of terrorism financing (AML/CFT) colleges. This is the authority’s second report on the functioning of AML/CFT… Read More ›
Correspondent banking relationships have been terminated because financial institutions are de-risking due to anti-money laundering and counter financing of terrorism (AML/CFT) rules according to a report published by the European Banking Authority (EBA). Respondent banks that contributed to the EBA… Read More ›
Diamond dealers, car traders, hairdressers and coffee shops are amongst businesses worst affected by financial institutions de-risking due to anti-money laundering and counter financing of terrorism (AML/CFT) rules according to a report published by the European Banking Authority (EBA). The… Read More ›
Fraud prevention and anti-money laundering and countering the financing of terrorism (AML/CFT) are amongst the five most frequently used regtech solutions in the EU banking sector according to a new report published by the European Banking Authority (EBA). Based on… Read More ›
The European Banking Authority (EBA) has released updated guidelines on customer due diligence and the factors credit and financial institutions should consider when assessing money laundering and terrorist financing (ML/TF) risks associated with individual business relationships and occasional transactions. The… Read More ›
The European Banking Authority (EBA) has published its biennial Opinion on risks of money laundering and terrorist financing (ML/TF) affecting the EU’s financial sector. The Opinion specifically contemplates the exposure of credit providers to trade-based money laundering (TBML), otherwise it… Read More ›