by Jyotsna Bucktowar | May 22, 2024
The key AML/CTF concerns identified include: 1) Insufficient visibility for national competent authorities (NCAs) regarding the extent of vIBAN offerings within their jurisdictions. 2) Differing interpretations of the applicable AML/CFT regulatory framework for...
by Jyotsna Bucktowar | May 13, 2024
The EC has issued a ‘Call for Advice’ on the methodology of assessing ML/TF risk by AML/CFT supervisors, as well as pecuniary sanctions under Article 39(8) of the AMLD6 and on the minimum requirements for group-wide policies under Article 13(3) of the...
by AdrianaAMLP | May 8, 2024
On the regulatory front, the EBA continued its work aimed at strengthening the EU financial sector, in particular by finalising the implementation of the Basel III framework in the EU, implementing the ESG roadmap, and delivering on its digital finance mandates under...
by AdrianaAMLP | May 8, 2024
Sets out three sets of final draft regulatory technical standards (RTS) and one set of final draft implementing technical standards (ITS) relating to the authorisation as issuer of asset-referenced tokens (ARTs), to the information for the assessment of acquisition of...
by Jyotsna Bucktowar | May 8, 2024
The EBA confirms that regulatory measures such as the Strong Customer Authentication (SCA) that the revised Payment Service Directive (PSD2) and the EBA’s Technical Standards have imposed on the payments industry have been successful in achieving the aim of...
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