EBA AML/CFT Newsletter Issue 9 – updates on EuReCA’s first-year progress tracking money laundering and terrorist financing risks, new mandates under the revised Transfer of Funds Regulation (TFR), and the establishment of expert groups to guide crypto assets and sanctions compliance.
EBA establishes two Technical Expert Groups (TEG-CASPs/AML and TEG-RMRs) to advise on implementing the revised Regulation on information accompanying transfers of funds (TFR), focusing on crypto asset risks, restrictive measures, and financial sanctions compliance challenges.
Consultation paper on amending Guidelines on ML/TF risk factors and on Guidelines on access to financial services
The European Banking Authority (EBA) launched today a public consultation on new Guidelines on the effective management of money laundering and terrorist financing (ML/TF) risks when providing access to financial services. Through these Guidelines, the EBA aims to ensure that customers, especially the most vulnerable ones, are not denied access to financial services without valid reason. This consultation runs until 6 February 2023.