Tag: AML

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ESMA and the future of EU supervision: Why Europe should build on the CSSF model, not replace it

The European Commission is preparing a proposal to expand central supervision over Europe’s key financial markets, including stock exchanges, clearing houses, and crypto exchanges. The initiative, expected to form part of December’s “Markets Integration Package,” aims to reinforce Europe’s competitiveness and reduce fragmentation across its capital markets.

Europe’s markets are often described as fragmented, with many national regulators and hundreds of trading and post-trading entities. A single EU supervisor, similar to the U.S. Securities and Exchange Commission (SEC), seems the solution to bring more uniformity and global weight. Continue reading ESMA and the future of EU supervision: Why Europe should build on the CSSF model, not replace it

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6th AML/CTF Directive: Challenges and Implications for European Football Clubs

The recent introduction of the AML 6 Directive by the European Union marks a significant step towards combating money laundering and terrorist financing within various industries, including professional football. Football clubs fall under the scope of the AML 6 Directive, which mandates that all clubs must comply with stringent AML regulations unless exempted based on specific risk assessments and financial thresholds. This article analyses the current situation and future developments, examining how the application of the AML 6 Directive affects football clubs of varying sizes and the the implications for financial integrity in the sport. Continue reading 6th AML/CTF Directive: Challenges and Implications for European Football Clubs

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Choosing the right AML/KYC Software: Key Considerations and Factors to assess before the adoption of a tool

AML/KYC software tools represent today a pillar of the elements in the fight against financial crimes and the adoption of sophisticated AML/KYC technologies has become indispensable, both for larger and smaller financial institution. This article analyses the aspects to consider when consider the adoption of a AML/KYC software tool, whether to buy or to acquire the rights of use. Continue reading Choosing the right AML/KYC Software: Key Considerations and Factors to assess before the adoption of a tool

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The European Anti-Money Laundering Authority (AMLA): Why has it been established and impact on national financial supervisory authorities

“Where will the AMLA office be?” This question has created a lot of interest and discussion about the new European Anti-Money Laundering Authority, while some have speculated it might be in a city like Dublin, others suggested a financial hub such as Frankfurt. Finally, Frankfurt has been chosen to host the EU’s new anti-money laundering authority. However, apart from the excitement about its location, a more fundamental question arises: What exactly is AMLA? Why has it been established? And which is the potential impact on national financial supervisory authorities? Continue reading The European Anti-Money Laundering Authority (AMLA): Why has it been established and impact on national financial supervisory authorities

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