The EU continues its fight to protect EU citizens and the EU’s financial system against money laundering and terrorist financing. On 7 December 2022, in order to enlarge the scope of the existing regulatory framework and to close possible loopholes, the Council agreed on its position on an anti-money laundering (AML) regulation and a new directive (AMLD6). Together...
The European Banking Authority (EBA) published its final Guidelines on the use of remote customer onboarding solutions. These Guidelines set out the steps credit and financial institutions should take to ensure safe and effective remote customer onboarding practices in line with applicable anti-money laundering and countering the financing of terrorism (AML/CFT) legislation and the EU’s...