The European Commission’s plans to change EU anti-money laundering (AML) rules from directives into regulations will not solve the underlying problem of lacklustre supervision, legal experts have said.
Valdis Dombrovskis, the commissioner in charge of financial services, last week decried the blight of money laundering on the EU’s banking sector and took up a recommendation from officials to begin implementing AML rules as regulations instead of directives.
To continue reading...
Our Key Benefits
PaymentsCompliance is a premium information service for compliance, legal and regulatory professionals. Our award-winning regulatory monitoring platform is used by many of the world's leading payment services providers and e-money institutions, regulators, challenger banks, fintechs and law firms.
We keep our clients informed of critical regulatory change and help them understand, with in-depth analysis, when change is coming and the implications for their organisation.
We provide our clients with a quantifiable and significant ROI by reducing the amount of time and money spent monitoring and analysing regulatory environments in multiple jurisdictions.