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Estonia’s Financial Intelligence Unit publishes yearbook for 2023

April 25, 2024

Annual report summarising key AML/CFT developments in the Baltic state.

EU Parliament strengthens EU’s toolkit to fight ML/TF, providing interested parties with direct access to beneficial ownership

April 24, 2024

Journalists, media professionals, civil society organisations, competent authorities, and supervisory bodies are identified as parties with legitimate interest under the new rules, which also extend due diligence rules to football clubs and agents from 2029.

Council of the EU gives green light for EU law on asset recovery and confiscation

April 12, 2024

The Council today adopted a law which sets out EU-wide minimum rules on the tracing, identification, freezing, confiscation and management of criminal property in connection with a wide range of crimes.

Europol publishes ground-breaking report uncovering the most significant criminal networks threatening the security of the EU

April 5, 2024

Describes, in detail, how the most threatening criminal networks are organised, which criminal activities they engage in, and how and where they operate.

EBA’s Risk Dashboard shows EU banks are robust, but signs of credit quality deterioration are becoming apparent

April 4, 2024

It discloses aggregated statistical information for the largest EU/EEA institutions. EU/EEA’s banks capitalisation stands at record levels, liquidity has improved, while return on equity (RoE) stood at 10.3%. Yet, early signs of credit quality deterioration have become more apparent. The publication also includes information on minimum requirements for own funds and eligible liabilities (MREL).

ESMA consults on possible amendments to the Credit Rating Agencies regulatory framework to ensure a better incorporation of ESG factors

April 2, 2024

The objective of the proposals is to ensure a better incorporation of ESG factors in the credit rating methodologies and subsequent disclosure to the public, as well as to enhance transparency and credibility in the credit rating process…

ESMA finalises first rules on crypto-asset service providers

March 25, 2024

The report aims to foster clarity and predictability, promote fair competition between crypto-asset service providers (CASPs) and a safer environment for investors across the EU.

The EU Parliament approves the AI Act that establishes obligations for AI based on its potential risks and level of impact

March 21, 2024

It aims to protect fundamental rights, democracy, the rule of law and environmental sustainability from high-risk AI, while boosting innovation and establishing Europe as a leader in the field…

New Moody’s data sheds light on the rise in modern slavery and money laundering across Europe

March 20, 2024

Moody’s data shows that incidents of modern slavery increased by nearly 17% from 2022 to 2023 – rising from 18,335 to 21,626. This upward trend is a strong increase compared to the figure of 10,277 in 2018. The analysis identified human trafficking as the predominant underlying crime in money…

ECB announces establishment of seven new workstreams to develop the digital euro rulebook and calls for expert assistance

March 20, 2024

The workstreams will report to the RDG (representing consumers, retailers, and intermediaries) in order to assist it in drafting various sections of the digital euro rulebook. The rulebook sets out the framework for a new digital form of the euro which complements cash and which consumers and businesses can use throughout the euro area…

EU Commission recommends actions to combat counterfeiting and better protect intellectual property rights

March 19, 2024

The Recommendation, also known as the EU toolbox against counterfeiting, aims to foster collaboration between rights holders, service providers, and law enforcement, while encouraging best practices and the use of modern tools and technologies.

The European Council and European Parliament strike a deal on the Corporate Sustainability Due Diligence Directive (CS3D) with the aim to protect the environment and human rights

March 18, 2024

Under the CS3D, businesses are required to conduct a thorough due diligence process to identify, mitigate, prevent and account for negative impacts on human rights and the environment, or face potential sanctions or civil liability…