EBA’s ‘Peer Review’ evaluates AML/CFT and prudential supervisors’ roles in ensuring FIs manage tax crime risks in tax integrity and dividend arbitrage schemes

The findings were based on four key benchmarks: Integration of tax integrity into AML/CFT supervision of financial institutions, Consideration of tax integrity in ML/TF risk assessments, Review of tax integrity in institutions’ internal governance, Assessment of tax integrity in evaluating the reputation and integrity of senior management…