HKMA discussion paper on crypto-assets & stablecoins

While crypto-assets have not yet posed material risks to financial stability, it may not be the case for very long as there is increasing linkage of such assets with traditional financial system which poses greater risks if the asset class continues to develop at...

EBA de-risking & ineffective mgmt of ML/TF risks

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…

EBA central database on AML/CFT in the EU

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…

EBA strengthens AML/CFT supervision in the EU

The Guidelines 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 procedures.  The EBA decided to...