The European Commission has issued a formal warning to Germany over its implementation of vital anti-money laundering (AML) rules, with nine other EU member states also on the receiving end of...
Financial crime experts have told a European Parliament committee that Cyprus’ financial sector remains overly reliant on illicit funds with links to Russia, despite efforts from authorities to...
Industry groups and legal experts have urged Dutch officials to revisit draft anti-money laundering reforms, arguing the burden on virtual currency firms is too heavy — and may inadvertently apply...
The UK government has reiterated that card payments and euro transfers could become more expensive if the country leaves the EU without a deal in March, as authorities step up emergency...
Financial institutions in Ireland face an onslaught of regulatory reforms to the country’s anti-money laundering and counter-terrorist financing framework as the government seeks to make amends for...
A landmark year for the continent’s payments industry, 2018 oversaw the introduction of major new EU legislation. The shift towards open banking propelled by regulation was accompanied by new rules...
The Netherlands has laid out the impact that new European anti-money laundering legislation will have on virtual currency exchanges, predicting that the new requirements will cost hundreds of...
Financial institutions in Poland are caught between European data protection laws and national on-boarding requirements, forcing some into onerous work-arounds to avoid the risk.
European national authorities are being urged to introduce the 5th Anti-Money Laundering Directive (5th AMLD) early, as the union looks to harden its response to a recent string of financial crime...
The Danish national regulator was on Wednesday accused of actively aiding Danske Bank as the business struggled to contain revelations about its recent money laundering scandal by the whistleblower...
The European Commission has unveiled a list of “priority one” jurisdictions, including the United States, China and Australia, that will be considered next for inclusion on its blacklist of high...
Payment and e-money institutions in Malta are "particularly exposed" to money laundering and terrorist financing risk, a national assessment in the Mediterranean island state has found.
The UK plans to incorporate the EU’s list of high-risk countries and enshrine tougher due diligence requirements on correspondent banking relationships into national law after Brexit.
The European Commission has urged Malta to “step up” its anti-money laundering (AML) activity, but the country’s financial authority and local experts have insisted that EU perceptions are trailing...
Luxembourg has been referred to the Court of Justice of the European Union for its failure to fully transpose critical European anti-money laundering (AML) legislation, a year after the official...
A paper from a think tank has suggested that it is uneven and inconsistent application of EU rules by member states, rather than the stricter requirements, that have created the most significant...
A long-awaited review of the UK’s e-money sector has found firms generally have “reasonably effective” controls in place to fight financial crime, although regulators are urging them not to become...
EU legislators have thrown their weight behind plans to beef up the continent’s defences against illicit finance, with almost unanimous agreement in plenary debate on Wednesday that a stronger...
Plans to reform European anti-money laundering legislation so they take the form of regulations, rather than directives, received cautious accord among ministers on Tuesday, with the continent...
The European Banking Authority (EBA) appears set to gain stronger financial crime-fighting powers across the EU, after ongoing concerns about shortcomings in national-level approaches to money...

Pages