Tag: european union

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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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DORA explained: Principles of Proportionality and Due Diligence process (Part 1)

If you enjoy reading our articles and want to support our mission of sharing valuable insights on AML and investment funds, the easiest way to help is by subscribing to our Fundiligence newsletter. For us it is very important, for you it is FREE. The Digital Operational Resilience Act, adopted by the European Union in December 2021, requires full implementation by January 17, 2025. Developed … Continue reading DORA explained: Principles of Proportionality and Due Diligence process (Part 1)

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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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