EUROPEAN BANKING AUTHORITY (EBA) LAUNCHES PUBLIC CONSULTATION ON CHANGES TO ITS GUIDELINES ON RISK-BASED SUPERVISION OF CREDIT AND FINANCIAL INSTITUTIONS’ COMPLIANCE WITH AML/CFT OBLIGATIONS

A release on Mondo Visione on 17 March advised that proposed changes address the key obstacles to effective AML/CFT supervision that the EBA has identified during its review of the existing Guidelines, including the effective use of different supervisory tools to meet the supervisory objectives. The Guidelines are central to the EBA’s mandate to lead, coordinate and monitor the EU financial sector’s fight against money laundering and terrorist financing. The consultation runs until 17 June. 

https://mondovisione.com/media-and-resources/news/eba-consults-on-changes-to-its-guidelines-on-risk-based-amlcft-supervision/

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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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