Draft Guidelines on remote customer onboarding – EBA to set common EU standards
EBA draft Guidelines on remote customer onboarding On 10 December 2021, the European Banking Authority (EBA) has launched…
Revised EBA guidelines on money laundering and terrorist financing risk factors | What firms should know now
The revised Guidelines published by the European Banking Authority (EBA) on customer due diligence and the factors credit…
Transparency Register and Financial Information Act enters into force in August – Major changes in the Anti-Money Laundering Act (AMLA)
On 30.06.2021, the Act on the European Interconnection of Transparency Registers and the Implementation of Directive (EU) 2019/1153…
Anti-Money Laundering 3.0: The Anti-Money Laundering Regulation, AMLA and the 6th AML Directive
Abstract: The EU Commission has published its ambitious plan to reform EU anti-money laundering legislation. What does the…
PayTechTalk #65 – PeP, FIU, KYC and all crimes approach? | AMLA crash course
To get a better insight into the law aiming to prevent money laundering and resulting obligations, Frank Müller…
Legislator Extends Money Laundering Offence | Massive consequences for those obliged to comply with the AMLA
The legislator indirectly extends the obligations of those who are obliged to make suspicious activity reports according to…
Factoring and anti-money laundering law: Which requirements under money laundering law shall a factoring company meet?
The following article provides an overview of the requirements that factoring companies have to meet with regard to…
Comment on the draft general ruling of BaFin regarding Sec. 24c KWG and virtual IBAN
BaFin has published a general ruling on 7 September 2020, pursuant to which credit institutions are obliged to…
eIDAS and AMLD5: A perfect match?
In the fight against money laundering and terrorist financing, accurate identification and verification of customer data are an…
Commission increases its fight against money laundering and terrorism financing
The EU Commission increases its fight against money laundering – will this pave the way for a new…