EUROPEAN BANKING AUTHORITY (EBA) PUBLISHES FINAL REVISED GUIDELINES ON MONEY LAUNDERING AND TERRORIST FINANCING RISK FACTORS

On 1 March, the EBA announced that it had published its final revised Guidelines on ML/TF risk factors. The revisions take into account changes to the EU AML/CFT legal framework and address new ML/TF risks, including those identified by the EBA’s implementation reviews.  In addition to strengthening financial institutions’ risk-based approaches to AML/CFT, the revision supports the development of more effective and consistent supervisory approaches where evidence suggested that divergent approaches continue to exist.  The Guidelines are central to the EBA’s work to lead, coordinate and monitor the fight against money laundering and terrorist financing.  The Guidelines are addressed to both financial institutions and supervisory authorities. 

https://www.eba.europa.eu/eba-publishes-final-revised-guidelines-money-laundering-and-terrorist-financing-risk-factors

I would be grateful for any modest contribution for my time and ongoing costs of computer, relocation, and (still ongoing) removal costs, I have a page, where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

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