Events listed in Fourth Anti-Money Laundering Directive (4AMLD)
Guidelines on policies and controls for the effective management of ML/TF risks ...
ID 25139
EBA has translated the Guidelines on policies and controls for the effective management of ML/TF risks when providing access to financial services into the official EU languages and published them on the EBA website. To recall, the guidelines (EBA/GL/2023/04) provide guidance on effective management of ML/TF risks by financial institutions when providing access to financial services. These guidelines clarify the interaction between access to ...
FSMA press release regarding Binance
ID 24744
The FSMA has issued a press release regarding Binance’s recent decision. Binance has chosen to discontinue its services from a non-EEA country to its Belgian clients, offering them the option of transitioning to Binance Poland in compliance with Belgian law. The **FSMA has emphasized that client transfers to Binance Poland should be conducted through individual agreements with each client. For clients who decline this ...
Lutte contre le blanchiment de capitaux et le financement du terrorisme : ...
ID 24447
On 22 November 2022, EBA issued guidelines outlining the procedures for credit and financial institutions to follow in order to comply with their due diligence obligations for remote customer onboarding under AML/CFT legislation. These guidelines (EBA/GL/2022/15) encompass steps for institutions when relying on third-party services and the establishment of CDD procedures for remote CDD measures. The **effective date for these guidelines is set for ...
EBA publishes fourth Opinion on money laundering and terrorist financing risks ...
ID 24204
EBA published its fourth biennial Opinion on the risks of ML/TF affecting the EU’s financial sector. The Opinion identifies new and emerging risks in the financial landscape, which have been influenced by geopolitical events, legislative developments, and technological advancements. Key points from the EBA’s report are as follows: – Changed Risk Landscape: The risk landscape has been impacted by events such as Russia’s invasion ...
EBA finds that money laundering and terrorist financing risks in payments ...
ID 23750
EBA published a report on ML/TF risks associated with EU payment institutions. The report indicates that these risks may not be effectively assessed and managed by the institutions and their supervisors. The EBA conducted an assessment in 2022 to determine the scale and nature of ML/TF risks in the payment institutions sector. It examined how these institutions identify and manage such risks and how ...
EBA consults on amendments to the Guidelines on money laundering and terrorist ...
ID 23479
EBA started a consultation on proposed amendments to its Guidelines on ML/TF risk factors. The suggested changes aim to expand the scope of these Guidelines to include CASPs. The consultation period will last until 31 August 2023. CASPs, as well as other credit and financial institutions, face ML/TF risks. However, **CASPs are particularly exposed to increased risks due to factors such as the use ...
Circulaire CSSF-CPDI 23/35
ID 23366
Circular CSSF-CPDI 23/35 amends Circular CSSF-CPDI 16/02 regarding the scope of the deposit guarantee and the investor compensation. The objective of this present circular is to incorporate the provisions of Article 62 of Regulation (EU) 2019/2033, which amends Regulation (EU) No 575/2013, affecting the definition of financial institutions. Financial institutions that fall under this definition are **excluded from the scope of the deposit guarantee ...
New rules on advertisements for virtual currencies enter into force
ID 23287
The FSMA informs that it has implemented the Royal Decree of 5 January 2023 concerning the advertising of virtual currencies to consumers. This FSMA Regulation, which was annexed to the Royal Decree of 5 January 2023 and published in the Belgian Official Gazette on 17 March 2023, entered into force on 17 May 2023. The FSMA Regulation introduces several obligations for advertisers of virtual ...
DK-Stellungnahme zur geplanten EU-AML-Verordnung
ID 23207
Die Deutsche Kreditwirtschaft (DK) hat ihre Stellungnahme zu den Kompromisstexten des Europäischen Rates und des Europäischen Parlaments zur geplanten EU-AML-Verordnung veröffentlicht. Die DK unterstützt die Harmonisierung der europäischen Vorgaben und betont die entscheidende Rolle, die die Kreditinstitute bei der Verhinderung von Geldwäsche spielen. Die DK sieht jedoch mehrere Vorschläge kritisch, darunter die Vermischung der Vorgaben zur Verhinderung von Geldwäsche und Ter ...
Periodic questionnaire on the prevention of money laundering and terrorist financing
ID 22953
The FSMA published Circular FSMA_2023_09, informing entities subject to the fight against money laundering and terrorist financing (AML/CFT) about the content and methods of transmitting information to assess the compliance and effectiveness of their AML/CFT measures. This circular provides detailed information on the FSMA’s approach to AML/CFT control, the questionnaire that entities subject to this control must complete, and the methods of transmitting this ...