Tag: Banking
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A roadmap for obliged entities under the new EU AML framework
The European Union’s new AML package, which consists of Regulation (EU) 2024/1620 (AMLAR), Regulation (EU) 2024/1624 (AMLR), and Directive (EU) 2024/1640 (AMLD), marks the most far-reaching reform of Europe’s anti-money laundering rules to date. Its impact will be felt across a wide spectrum of financial institutions, including banks, investment firms, insurers, payment institutions, crypto-asset service…
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SupTech in AML/CFT supervision: big potential, but supervisors need more support
The European Banking Authority (EBA) has just published its latest report on the use of technology in anti-money laundering (AML) and countering the financing of terrorism (CFT) supervision (EBA/Rep/2025/23), often called SupTech. The timing couldn’t be more relevant. Across Europe, national supervisory authorities are facing an avalanche of new responsibilities under the EU’s updated AML…
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EBA’s fourth opinion on ML/TF risks: key takeaways and what banks need to know
Every two years, the European Banking Authority (EBA) takes a deep dive into the risks of money laundering (ML) and terrorist financing (TF) across Europe’s financial sector. The latest Opinion, released in July 2025, paints a picture that’s both familiar and fast-changing: technology is driving innovation, but it’s also opening new doors for criminals. So…