New guidelines apply from January 10, 2020 for the cooperation and exchange of information between EU member states’ competent authorities for credit and financial institutions. This analysis provides a high-level overview of these new requirements.
On December 16, 2019, the European supervisory authorities (ESAs) published joint guidelines on cooperation and information exchange for the purpose of the 4th Anti-Money Laundering Directive (4th AMLD) (Directive (EU) 2015/849) between competent authorities supervising credit and financial institutions, titled “The AML/CFT Colleges Guidelines”.
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