EBA letter on AML/CFT legislative package

by | Apr 5, 2022

EBA issues letter on AML/CFT legislative package – related to supervisory cooperation and selection criteria for direct supervision. The EBA works closely with 57 AML/CFT supervisors from all Member States that are members…

EBA revised guidelines on risk-based supervision

by | Apr 5, 2022

The revised Guidelines on risk-based supervision set out the steps supervisors should take to ensure adequate AML/CFT oversight of their sector and support the adoption, by credit and financial institutions, of effective ML/TF risk management policies and...

Crypto assets: new rules to stop illicit flows in the EU

by | Apr 4, 2022

Crypto-assets’ transfers would need to be traced and identified to prevent their use in money laundering, terrorist financing, and other crimes. All transfers of crypto-assets will have to include information on the source of the asset and its...

EBA Risk Dashboard indicates limited direct impact on EU banks

by | Apr 1, 2022

The EBA published its Risk Dashboard for the fourth quarter (Q4) of 2021. A special feature highlights the potential impact of the Russian invasion of Ukraine on the EU/EEA banking sector. Based on the EBA’s initial assessment, direct exposures to Russia, Belarus and...