On 16 December 2024, the European Banking Authority (EBA) issued its fourth report on the functioning of anti-money laundering and countering the financing of terrorism (AML/CFT) colleges.
The report sets out findings and observations from EBA staff’s monitoring of AML/CFT colleges in 2023, which suggest that, overall, Member State competent authorities
On 13 December 2024, the European Banking Authority issued a press release stating that it had published the findings from its fourth and final round of reviews of Member State competent authorities’ (NCAs) approaches to tackling money laundering and terrorist financing risks in the banking sector. With this round, the EBA has now
On 7 November 2024, the Financial Action Task Force (FATF) published its Money Laundering National Risk Assessment Guidance.
The Guidance is intended to support countries in conducting a National Risk Assessment (NRA) focused on the assessment of money laundering risks. FATF explains that the Guidance serves as a practical resource
On 29 October 2024, the Financial Action Task Force (FATF) published the outcomes of its plenary on 23 – 25 October 2024.
Key points from the plenary include that FATF:
In the latest instalment of our Regulation Around the World series, Financial Services partners in 15 jurisdictions cover recent developments concerning anti-money laundering.
Our global updater is accompanied by further analysis and insights in our Regulation Around the World podcast which is available now to stream and download. The podcast features speakers from the
On 9 July 2024, the Financial Action Task Force (FATF) published a report which provides the latest update on jurisdictions’ compliance with FATF’s Recommendation 15 and its Interpretative Note. In 2019 Recommendation 15 was updated to apply anti-money laundering and counter-terrorist financing (AML/CFT) measures to virtual assets (VAs) and
On 4 July 2024, the European Banking Authority (EBA) issued new guidelines on the ‘travel rule’.
The EBA publicly consulted on a draft version of the guidelines between 24 November 2023 and 26 February 2024. A public hearing took place on 17 January 2024.
The guidelines specify which information should accompany a transfer
On 26 June 2024, the European Banking Authority (EBA) issued a press release welcoming the entry into force of the new EU anti-money laundering framework.
The press release adds:
On 19 June 2024, there was published in the Official Journal of the EU (OJ), Directive (EU) 2024/1654 of the European Parliament and of the Council of 31 May 2024 amending Directive (EU) 2019/1153 as regards access by competent authorities to centralised bank account registries through the interconnection system and technical measures to
On 19 June 2024, there was published in the Official Journal of the EU (OJ),