EU public consultation on tackling the role of enablers

by | Nov 17, 2022

The European Commission has also considered applying a new beneficial ownership reporting requirement for EU taxpayers, which would introduce the disclosure of ownership or control above 25 per cent of shares, voting rights, ownership interest, bearer...

ESAs launch joint Call for Evidence on greenwashing

by | Nov 15, 2022

EBA, EIOPA and ESMA published a Call for Evidence on greenwashing to gather input from stakeholders on how to understand the key features, drivers and risks associated with greenwashing and to collect examples of potential greenwashing practices. Due to the growing...

MONEYVAL Mutual Evaluation Report on Germany

by | Aug 25, 2022

Germany has made significant improvements to its AML/CFT framework over the past five years, including using the National Risk Assessment (NRA) process to develop a stronger national understanding of money laundering/terrorist financing (ML/TF)...

ECB on use of AI to fight financial crime conference

by | Jul 13, 2022

While the digitalisation of banks’ value chains may create challenges for their know-your-customer obligations, machine learning solutions are already helping banks to become more efficient when conducting customer due diligence, identifying ultimate beneficial...