Our extensive knowledge at your fingertips

Money Laundering & Terrorist Financing

Europe

This section covers AML/CTF initiatives by European Commission, Council of Europe MONEYVAL, European Parliament, Europol and other related EU organisations.

New EU AML Package
Sixth EU ML Directive
Fifth EU ML Directive
Fourth EU ML Directive
Third EU ML Directive
European Commission Financial Crime
European Parliament Committee on Organised Crime, Corruption and ML
European Banking Federation Annual Overview of AML legislative measures
Europol Law Enforcement updates
MONEYVAL Evaluations
MONEYVAL Typologies

And many more…

Latest editions

Search

U

Wolfsberg Group publishes response to EBA consultation on CP202311

August 30, 2023

The amended draft Guidelines on Money Laundering and Terrorist Financing (ML/TF) risk factors by the European Banking Authority (EBA) clarify that all credit and financial institutions, including crypto-asset service providers (CASPs), need to take steps to address their ML/TF risks.

FINMA publishes guidance on money laundering risk analysis

August 24, 2023

FINMA has repeatedly identified shortcomings in the area of the money laundering risk analysis during on-site supervisory reviews. This prompted it to conduct an in-depth review of the money laundering risk analyses of more than thirty banks in spring 2023…

EBA publishes third report on the functioning of AML and CFT colleges

August 10, 2023

The Report finds that competent authorities had taken important steps to improve the functioning of AML/CFT colleges. Nevertheless, many colleges had not reached full maturity. The Report highlights good practices that will be useful for competent authorities to further improve the effectiveness of AML/CFT colleges and of supervisory outcomes.

IMF publishes technical note on AML/CFT in Iceland

July 28, 2023

Finds low level of risk in the jurisdiction.

ESMA: Inclusion of the UAE on AML blacklist requires ESMA to withdraw the recognition decisions of three CCPs

July 25, 2023

Applies to: Dubai Commodities Clearing Corporation, Dubai Clear LLC and Nasdaq Dubai Ltd.

MONEYVAL conducts Fifth Round Mutual Evaluation of North Macedonia

July 23, 2023

North Macedonia’s authorities have generally a good understanding of the country’s ML/TF risks.

MONEYVAL conducts Fifth Mutual Evaluation of Romania

July 23, 2023

Romania demonstrates a fair understanding of ML risk, although understanding of TF risk is developed to a lesser degree. Necessary arrangements for domestic cooperation and coordination are in place, however, due to their recent nature effectiveness is yet to be demonstrated.

Europol Internet Organised Crime Assessment (IOCTA) 2023

July 17, 2023

The Internet Organised Crime Assessment (IOCTA) is Europol’s assessment of the cybercrime landscape and how it has changed over the last 24 months.

German strategy on China sanctions and export controls

July 15, 2023

Germany released its first China strategy which calls Beijing a “systemic rival” and stresses the need for Europe’s largest economy to reduce economic dependence on its largest trading partner…

EU Commission Commission decides to refer LUXEMBOURG to the Court of Justice for failing to correctly transpose the Anti-Tax Avoidance Directive

July 14, 2023

The Anti-Tax Avoidance Directive (ATAD1) provides for a derogation from the measure limiting the deductibility of interest payments from the corporate tax base applicable to financial undertakings.

EBA publishes fourth Opinion on money laundering and terrorist financing risks across the EU

July 13, 2023

Fourth biennial Opinion on the risks of money laundering and terrorist financing (ML/TF) affecting the European Union’s financial sector. It also sets out what competent authorities and EU co-legislators can do to mitigate those risks.

ESMA seeks first input on detailed rules for crypto markets