Insight EU Finance Monitoring Weekly 11 – 16 November 2024
Here are the headlines from last week’s Insight EU Finance Monitoring, published on Friday night. We provide the headlines with…
Renew Europe calls for crackdown on Russia’s impunity and dirty money in Europe
In the light of recent disclosures by the Financial Action Task Force (FATF), Renew Europe urges the EU Commission and…
EBA issues ‘travel rule’ guidance to tackle money laundering and terrorist financing
The European Banking Authority (EBA) issued today new Guidelines on the so-called ‘travel rule’, i.e. the information that should accompany…
FinCEN proposes rule to modernize financial institutions’ AML/CFT programs
The U.S. Department of the Treasury’s Financial Crimes Enforcement Network (FinCEN) announced a proposed rule to strengthen and modernize financial institutions’ anti-money…
Crypto, luxury, football: EU Council adopts new anti-money-laundering rules
"The new and stricter rules will strengthen our systems in the fight against money laundering and terrorist financing. A new…
New rules and a new watchdog: MEPS adopt new laws to fight against dirty money
The EU Parliament has adopted a package of laws strengthening the EU’s toolkit to fight money-laundering and terrorist financing. The…
EU Commission answer on concerns over introduction of cash limit
According to EU Commissioner McGuinness, the prevention of money laundering and terrorist financing (AML/CFT) deals with criminal behaviours. It is…
U.S. FinCEN seeks comments on Customer Identification Program Requirement
Generally, for a customer who is an individual and a U.S. person, banks are required to collect a full Social…
Anti-Money Laundering Authority: EU Commission welcomes political agreement
The EU Commission welcomes the provisional agreement reached today between the European Parliament and the Council on the Commission's proposal to establish…
Measuring Money in the Digital Age – IMF MD Georgieva at the IMF Statistical Forum
"Measuring Money in the Digital Age. Now is the right time to do this—accelerated by the pandemic, mobile payments are…
Anti-Money-laundering: EBA publishes guidelines on remote customer onboarding
22 November 2022 The European Banking Authority (EBA) today published its final Guidelines on the...
EBA guidelines on role and responsibilities of the AML/CFT compliance officer
14 June 2022 The European Banking Authority (EBA) today published its Guidelines specifying the role...