by Jyotsna Bucktowar | Dec 13, 2024
The European Banking Authority published its final review on competent authorities’ efforts to combat ML/TF in the banking sector. While significant progress has been made since 2018 weaknesses remain in risk assessment and enforcement processes. The EBA emphasized...
by Jyotsna Bucktowar | Dec 12, 2024
The new sanctions package is expected to be discussed and formally approved by EU foreign ministers at their meeting on Dec. 16. The proposed package “adds more persons and entities to the already existing sanctions list, and targets entities in Russia and in third...
by Jyotsna Bucktowar | Dec 2, 2024
AMLA’s new chief Bruna Szego pledges innovation, transparency and coordination in the fight against financial crime. Szego founded and leads the AML supervision and regulation unit at the Bank of Italy, having previously headed its regulation and macroprudential...
by Jyotsna Bucktowar | Oct 11, 2024
The restrictive measures target those responsible for serious human rights violations or abuses, for repression of civil society and democratic opposition, and for undermining democracy and the rule of law in Russia. They consist of travel bans for individuals,...
by Jyotsna Bucktowar | Sep 12, 2024
The European Union recognises the fight against money laundering and financing of terrorism as a priority both to ensure the security of its citizens and to preserve the integrity of the international financial system. The key elements in this process are effective...
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