Events listed in New 2021 AML & CFT Framework
The EBA consults on new Guidelines on preventing the abuse of funds and certain ...
ID 25928
EBA initiated a public consultation on new Guidelines aimed at preventing the abuse of funds and certain crypto-assets transfers for ML/TF purposes. “The Travel Rule Guidelines“ outline the steps that various financial service providers, including PSPs, Intermediary PSPs, CASPs, and Intermediary CASPs, should take to detect missing or incomplete information accompanying fund or crypto-asset transfers. The Guidelines are part of an effort to establish ...
New AML package needs clear rules that help identify beneficial owners
ID 25299
EFAMA is commenting on the EC’s AML package proposal as the EP and Council are currently finalizing their views on it. EFAMA highlights the identification of beneficial owners as a crucial aspect of this proposal. EFAMA emphasizes the need for clear and calibrated rules for identifying beneficial owners in customer due diligence processes. They argue that a uniform threshold of 25% should be maintained ...
Progress on financial services legislative files
ID 21754
The Economic and Financial Affairs Council (ECOFIN) has published an updated version of its document containing „information from the Presidency concerning the state of play of legislative proposals in the field of financial services“. The overview table is dated 14 February 2023 and distinguishes different colour-coded stages of each file. The changes are as follows: 1. The trilogues on the new „AML Rulebook“ have ...