Flood of suspicious reports: Introduction of minimum content requirements with the GwGMeldV
The number of suspicious activity reports submitted to the Financial Intelligence Unit (FIU) in accordance with Sections 43(1)…
The EBA draft on the AML package – Change is the only constant
On 6 March 2021, the European Banking Authority (EBA) opened a consultation on draft Level 2 texts under…
German Law on the Digitalization of the Financial Market (FinmadiG) Finally Adopted by the Bundestag
In an unexpected turn of events, and a bit like an early Christmas gift, the Bundestag approved the…
New BaFin AuA AT on the Anti-Money Laundering Act! (incl. compare version)
The comprehensively revised interpretation and application guidelines for the General Part (the “AuA AT”) of the Anti-Money Laundering…
The use of artificial intelligence in the financial sector: ESMA’s guidelines for responsible use
Advances in technology have driven the use of artificial intelligence (AI) in many industries, and the financial sector…
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…
Commission proposal to amend the EU Directive on consumer rights in respect of distance contracts for financial services
On 11.05.2022, the EU Commission published a proposal for a directive concerning distance contracts for financial services. The…
Crowdfunding Regulation (ECSPR) and tied agent: does it fit together and if so, how?
The Crowdfunding Regulation (ECSPR – European Crowdfunding Service Provider Regulation) has now been in force since November 2021,…