IIF/Wolfsberg Group EBA De-Risking Letter

The joint comments highlight, inter alia, the importance of alignment with the FATF definition of ‘de-risking’ and that financial institutions should have the ability to apply a risk based approach to non for profit organisations (NPOs) in line with FATF...

EBA letter on AML/CFT legislative package

EBA issues letter on AML/CFT legislative package – related to supervisory cooperation and selection criteria for direct supervision. The EBA works closely with 57 AML/CFT supervisors from all Member States that are members…