The three Level 3 Committees publish today their common understanding in relation to the information on the payer of accompanying fund transfers to payment service providers of payees
The three Level 3 Committees [the Committee of European Banking Supervisors (CEBS), the Committee of European Securities Regulators (CESR) and the Committee of European Insurance and Occupational Pensions (CEIOPS)] - through the 3L3 Anti Money Laundering Task Force (AMLTF) - publish today their common understanding in relation to the information on the payer of accompanying fund transfers to payment service providers of payees, arising out of the EU Regulation 1781/2006. The paper published today follows a consultation of three months which closed on 26 June 2008.