Global Regulation Tomorrow

On 21 October 2022, The European Banking Authority (EBA) issued a call for expression of interest to join two Technical Expert Groups – on crypto assets service providers and anti-money laundering and countering the financing of terrorism, and on restrictive measures regimes – and a call for input on the Joint Guidelines to prevent the abuse of fund transfers for ML/TF purposes issued in 2017 by the European Supervisory Authorities. These will provide technical advice to the EBA on those aspects of the revised Regulation on information accompanying transfers of funds that relate to the EBA’s mandates.

Each of the groups will be chaired by EBA staff and will be composed of up to 20 experts. Experts should submit their expression of interest to join one of these groups by 4 November 2022.

In addition, the call for input aims to identify practical issues that financial institutions experienced when complying with the 2017 ESA Joint Guidelines to prevent the abuse of fund transfers for ML/TF purposes. This input will inform possible amendments to the existing Guidelines. The deadline for the submission of responses is 15 November 2022.