Revision of MaComp – BT 5 and BT 7.1 to adopt the ESMA guidelines
The regulatory requirements relating to compliance are governed in particular by BaFin’s MaComp (minimum requirements for the compliance…
Blank slate in anti-money laundering law for insurance holding companies
BaFin’s recently published consultation on an amendment to its Application and Interpretation Guidance (AuA) on the Money Laundering…
AuA 2.0: BaFin consultation on the application and interpretation of the Money Laundering Act
BaFin has published an updated version of its application and interpretation notes on the Money Laundering Act for…
Video identification: Draft regulation of the Federal Ministry of Finance
On 18 April 2024, the Federal Ministry of Finance (BMF) published the draft of an ordinance on money…
AML package (4) – Outsourcing under the new AML-R
This part of our series on the AML-package features the regulations on outsourcing. The introduced AML-Regulation (AML-R) will…
AML package (3) – New features for obligated parties
Part 4 of our series on the AML package deals with the changes to the group of obligated…
AML Package (2): Risk Management under the AML Regulation
The AML package encompasses a multitude of changes compared to the previous legal framework. The third part of…
AML package (1) – Money laundering versus sanctions
With the publication of the compromise text on the new Anti-Money Laundering Regulation (“AML-R”) and the so-called Sixth…
The AML package is here
On February 12, 2024, the Council of the European Union published the final compromise texts on the new…