The EBA consults on new rules related to the anti-money laundering and countering the financing of terrorism package
The European Banking Authority (EBA) launched a public consultation on four draft Regulatory Technical Standards (RTS) that will be part of the EBA’s response to the European Commission’s Call for Advice.
These technical standards will be central to the EU’s new AML/CFT regime and will shape how institutions and supervisors will comply with their AML/CFT obligations under the new AML/CFT package.
The press release is available on the
EBA website.
Watch the video if you are interested in a short summary of the proposed RTSs.
Notice: This video was produced using AI technology. The audio content is entirely original and created by Bastian Schwind-Wagner, while the visual representation through the personalized avatar has been generated using AI to enhance the presentation.
The information in this article is of a general nature and is provided for informational purposes only. If you need legal advice for your individual situation, you should seek the advice of a qualified attorney.
CSSF 2025 AML/CFT Conference for Specialised PSF
On 27 January 2025, the Commission de Surveillance du Secteur Financier (CSSF) held its annual AML/CFT conference dedicated to Specialised Professionals of the Financial Sector.
A redacted version of the presentation slides can be consulted on the
CSSF website.
Watch the video if you are interested in a short summary of the publicly available presentation slides.
Notice: This video was produced using AI technology. The audio content is entirely original and created by Bastian Schwind-Wagner, while the visual representation through the personalized avatar has been generated using AI to enhance the presentation.
The information in this article is of a general nature and is provided for informational purposes only. If you need legal advice for your individual situation, you should seek the advice of a qualified attorney.
FATF Public Consultation on Complex Proliferation Financing and Sanctions Evasion Schemes project
The FATF is undertaking a study aimed at improving country and private sector understanding of current Proliferation Financing (PF) risks.
This study will detail the evasion techniques used by those evading the targeted financial sanctions detailed in Recommendation 7,
which is required by the FATF Standards, as well as other national and supranational sanctions that are not covered by the FATF Standards.
The resulting report will focus on providing a comprehensive up-to-date understanding of typologies in complex sanctions evasion schemes relevant to
PF and identifying enforcement challenges and best practices, which helps to inform countries’ PF risk assessment and risk mitigation.
The publication details are available on the
FATF website.
Watch the video if you are interested in a short summary.
Notice: This video was produced using AI technology. The audio content is entirely original and created by Bastian Schwind-Wagner, while the visual representation through the personalized avatar has been generated using AI to enhance the presentation.
The information in this article is of a general nature and is provided for informational purposes only. If you need legal advice for your individual situation, you should seek the advice of a qualified attorney.
Landmark Ruling on non bis in idem in Luxembourg AML/CFT Proceedings
Introduction
On 26 February 2025, the Luxembourg Court of Appeal delivered a landmark ruling in the field of anti-money laundering and counter-terrorist financing (AML/CFT) concerning the application of the non bis in idem principle when both administrative and criminal sanctions are pursued for the same conduct. This report reviews the case details, legal reasoning, and implications for the financial sector and regulatory framework.
CSSF ML/TF Sub-sector Risk Assessment - Collective Investment Sector - 2025 update
This update of the Sub-sector Risk Assessment (SSRA) – Collective Investment Sector (CIS), following the 2020 and 2022 reports and published on 24 February 2025, highlights the continued success of the efforts made by the private and public sectors in mitigating the risks of money laundering and terrorist financing (ML/TF) within the CIS.
The SSRA CIS 2025 update can be consulted on the
CSSF website.
Watch the video if you are interested in a short summary of the publicly available risk assessment.
Notice: This video was produced using AI technology. The audio content is entirely original and created by Bastian Schwind-Wagner, while the visual representation through the personalized avatar has been generated using AI to enhance the presentation.
The information in this article is of a general nature and is provided for informational purposes only. If you need legal advice for your individual situation, you should seek the advice of a qualified attorney.
