EBA Guidelines: Compliance Management & the Role and Responsibilities of the AML/CTF Compliance Officer
In June 2022, the European Banking Authority (“EBA”) has issued its guidelines on policies and procedures in relation…
The more the better? German Finance Minister Lindner’s plans for fighting financial crime
On August 24, 2022, German Finance Minister Christian Lindner outlined his plans for a more powerful fight against…
EU Commission plans to abolish anonymous e-money
In summer 2021, the European Commission presented an ambitious legislative package to improve the fight against money laundering…
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…
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…
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…
The EBA’s consultation paper on money laundering and terrorism financing risk factors – changes for e-money issuers?
The European Banking Authority (“EBA”) published a new consultation paper in February 2020 on revised guidelines on money…