by AdrianaAMLP | Feb 22, 2022
The EBA found that competent authorities’ approaches to identifying and tackling ML/TF risks highlighted by the 2020 Luanda Leaks differed significantly across NCAs and varied beyond what the EBA would have expected under a risk-based approach…
by AdrianaAMLP | Jan 31, 2022
EuReCA will be central to coordinating efforts by competent authorities and the EBA to prevent and counter ML/TF risks in the Union. It will contain information on material weaknesses in individual financial institutions…
by AdrianaAMLP | Jan 10, 2022
The EBF maintains that it is key to develop an intelligence-led approach to effectively mitigate money laundering risks and detect financial crime. However, the package does not address some fundamental dimensions of information…
by AdrianaAMLP | Jan 5, 2022
EBA’s findings suggest that de-risking has a detrimental impact on the achievement of EU’s objectives, in particular in relation to fighting financial crime effectively & promoting financial inclusion, competition and stability…
by AdrianaAMLP | Dec 18, 2021
The RTS on a central database on (AML/CFT) in the EU specify the definition and the materiality of weaknesses identified by competent authorities, the type of information collected, and how such information will be communicated to the EBA…
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