On 14 May 2025, the Dutch government published their new approach to anti-money laundering (AML) in a letter to the Dutch Parliament. The Dutch government has introduced a new direction in its AML policy, driven by concerns that existing measures have placed an undue burden on legitimate citizens and businesses. In a recent
On 25 April 2025, the European Banking Authority (EBA) issued a Final Report containing draft regulatory technical standards (RTS) amending Commission Delegated Regulation (EU) 2018/1108 on the criteria for the appointment of central contact points for electronic money issuers (EMIs) and payment service providers (PSPs) and with
On 6 March 2025, the European Banking Authority (EBA) published a consultation paper setting out draft Regulatory Technical Standards (RTS) as part of its ongoing implementation of the EU’s Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) package. The draft RTS will be part of the EBA’s response
On 26 February 2025, the Financial Action task Force (FATF) issued a public consultation seeking input on best practices in mitigating proliferation financing risks. The consultation is intended to help FATF produce a report that will improve country and private sector understanding of current proliferation financing risks. This will cover the evasion techniques
On 25 February 2025, the Financial Action Task Force (FATF) updated Recommendation 1 and its Interpretive Note, with corresponding amendments to Interpretive Notes to Recommendations 10 and 15, as well as related Glossary definitions to better support financial inclusion. The updates follow the February 2025 FATF Plenary where it was noted that
On 24 February 2025, the Financial Action Task Force (FATF) issued its second public consultation on revisions to Recommendation 16 (R.16), its Interpretive Note (INR.16) and the related Glossary of specific terms, to adapt them to the changes in payment business models and messaging standards.
The objective of the
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