RTS on the implementation of group wide AML/CFT policies in third countries

status: Adopted and published on the Official Journal

These RTS will specify how credit and financial institutions should manage money laundering and terrorist financing (ML/TF) risks where a third country’s law prevents the implementation in their branches or majority-owned subsidiaries of group-wide policies and procedures on anti-money laundering and countering the financing of terrorism (AML/CFT). They are part of the ESAs' wider work on fostering a common approach to AML/CFT and will contribute to creating a level playing field across the Union’s financial sector.

 

Press Release

Consultation Papers