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Consultation Paper RTS AMLCFT central database.pdf
Consultation Paper on draft RTS AMLCFT central database
Summary draft DPIA AMLCFT CDB.pdf
Summary of the draft Data Protection Impact Assessment on a central EBA database concerning AML/CFT
The EBA consults on its proposals for a central AML/CFT database
The European Banking Authority (EBA) launched today a public consultation on draft Regulatory Technical Standards (RTS) on a central database on anti-money laundering and countering the financing of terrorism (AML/CFT) in the EU. This database will be a key tool for the EBA’s recently enhanced mandate to lead, coordinate and monitor AML/CFT efforts in the European Union. The consultation runs until 17 June 2021.
Regulatory Technical Standards on a central database on AML/CFT in the EU
Risk assessment under Article 9a of the EBA Regulation.pdf
Risk assessment under Article 9a of the EBA Regulation
BSG own initiative opinion on AML.pdf
BSG advice on AML
The EBA takes steps to address ‘de-risking’ practices
The European Banking Authority (EBA) published this month three regulatory instruments to address de-risking practices based on evidence gathered in its call for input. The instruments clarify that compliance with anti-money and countering terrorist financing (AML/CTF) obligations in EU law does not require financial institutions to refuse, or terminate, business relationships with entire categories of customers that they consider to present a higher ML/TF risk. In these documents the EBA also set out steps that financial institutions and competent authorities should take to manage risks associated with individual business relationships in an effective manner.
EBA consults on changes to its Guidelines on Risk-based AML/CFT supervision
The European Banking Authority (EBA) launched today a public consultation on changes to its Guidelines on Risk-Based Supervision of credit and financial institutions’ compliance with anti-money laundering and countering the financing of terrorism (AML/CFT) obligations. The proposed changes address the key obstacles to effective AML/CFT supervision that the EBA has identified during its review of the existing Guidelines, including the effective use of different supervisory tools to meet the supervisory objectives. The Guidelines are central to the EBA’s mandate to lead, coordinate and monitor the EU financial sector’s fight against money laundering and terrorist financing. The consultation runs until 17 June 2021.
CP on the revised Guidelines on Risk-Based Supervision.pdf
Consultation Paper on revised Guidelines on risk-based AML/CFT supervision
Opinion on MLTF risks.pdf
Opinion on the risks of money laundering and terrorist financing affecting the European Union’s financial sector
The EBA highlights key money laundering and terrorist financing risks across the EU
The European Banking Authority (EBA) today published its biennial Opinion on risks of money laundering and terrorist financing (ML/TF) affecting the European Union's financial sector. The ML/TF risks identified by the EBA include those that are applicable to the entire financial system, for instance the use of innovative financial services, while others affect specific sectors, such as de-risking. The list also includes ML/TF risks that emerge from wider developments such as the COVID-19 pandemic that has an impact on both firms’ AML/CFT compliance and competent authorities’ supervision. The Opinion, therefore, sets out recommendations to competent authorities aimed at closing these gaps.
EBA publishes final revised Guidelines on money laundering and terrorist financing risk factors
The EBA published today its final revised Guidelines on ML/TF risk factors. The revisions take into account changes to the EU Anti Money Laundering and Counter Terrorism Financing (AML/CFT) legal framework and address new ML/TF risks, including those identified by the EBA’s implementation reviews. In addition to strengthening financial institutions’ risk-based approaches to AML/CFT, the revision supports the development of more effective and consistent supervisory approaches where evidence suggested that divergent approaches continue to exist. The Guidelines are central to the EBA’s work to lead, coordinate and monitor the fight against money laundering and terrorist financing.
Final Report on Guidelines on revised ML TF Risk Factors.pdf
Guidelines on money laundering and terrorist financing risk factors
Introductory training on AML/CFT
AML/CFT Newsletter - Issue 3
EBA explains how it will use its new power to carry out risk assessments in the fight against money laundering and terrorist financing
The European Banking Authority’s (EBA) published today the methodology for carrying out risk assessments under Article 9a of the revised EBA Regulation. These risk assessments are part of the EBA’s new role to lead, coordinate and monitor the fight against money laundering and terrorist financing (ML/TF) in all EU Member States.
EBA observes improved cooperation between authorities through newly established AML/CFT colleges
The European Banking Authority (EBA) published today its first Report on progress made by competent authorities with the setting up of colleges to enhance supervisory cooperation for anti-money laundering and countering the financing of terrorism (AML/CFT) purposes. The EBA’s work on monitoring colleges is part of its new role to lead, coordinate and monitor the fight against money laundering and terrorist financing (ML/TF) in all EU Member States as set out in the EBA Regulation.
Report on the functioning of AML Colleges .pdf
Report on the functioning of AML Colleges
EBA Opinion on the interplay between the AMLD and the DGSD.pdf
Opinion on the interplay between the EU AMLD and the EU DGSD