EP on the scope of ML powers entrusted to EBA

European Parliament proposes to broaden the scope of ML powers entrusted to the European Banking Authority. The objectives are to maintain financial stability in the EU and to guarantee the integrity, efficiency and effective functioning of the banking...

EU Council on violation of sanctions as an EU crime

The Council of the EU requested the European Parliament’s consent on a decision to add the violation of restrictive measures to the list of ‘EU crimes’ included in the Treaty on the Functioning of the EU. The EU has adopted a number of restrictive measures in the...

Europol better equipped to fight crime and terrorism

EU Parliament grants more power to Europol to fight crime and terrorism to improve information sharing via increased cooperation with private parties, better processing of large and complex datasets and strengthening the agency’s role …

EP Committee on Constitutional Affairs to establish AML

The powers of the Authority should allow it to improve AML/CFT supervision in the Union in various ways. With respect to selected obliged entities, the Authority should ensure group-wide compliance with the requirements laid down in the AML/CFT framework…

EU sanctions against Russia must apply to Belarus 

European Parliament urges that all EU sanctions against Russia must apply to Belarus. It was stated that Belarus and Russia jointly responsible for the war in Ukraine. The Belarusian regime’s crackdown on trade unions and the opposition must end…