Money laundering

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:

  • The EBA will retain its anti-money laundering / countering the financing of terrorism (AML/CFT) powers and mandates until December 2025 to minimise

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