Follow Us

Follow us on Twitter  Follow us on LinkedIn

Article List:

 

ESMA Guideline: 17. Firms should ensure that staff giving information/investment advice about investment products, investment services or ancillary services that are available through the firm have the necessary knowledge and competence to: (V II/II g) understand issues relating to anti money-laundering.

A driving force for the EU to update its anti-money laundering directives has been pressure from the US to be consistent with FATCA. The Foreign Account Tax Compliance Act (FATCA), which was passed as part of the HIRE Act, generally requires that foreign financial Institutions and certain other non-financial foreign entities report on the foreign assets held by their U.S. account holders or be subject to withholding on withholdable payments.  The HIRE Act also contained legislation requiring U.S. persons to report, depending on the value, their foreign financial accounts and foreign assets.

Full info

EU/US Dialogue on the Foreign Account Tax Compliance Act press release

 








Welcome to the GrahamBishop Archive.

If you would like access to more current information please subscribe to our friends membership.

Anti-Money Laundering - 202228 articles out of 28.

Anti-Money Laundering - 202132 articles out of 32.

Anti-Money Laundering - 202028 articles out of 28.

2019 Anti-Money Laundering
2019-12-23 Bloomberg: Europe’s money-laundering crackdown is expanding beyond banks
2019-12-16 ESAs transform the way competent authorities cooperate with each other on AML/CFT matters
2019-12-15 Financial Times: UK regulators step up external probes of financial groups
2019-12-05 EBF: More than 650 banks support global action against money laundering
2019-11-29 EFAMA’s comments to ESMA’s consultation paper on the MAR review report
2019-11-22 PIIE: A major step toward combating money laundering in Europe
2019-11-15 ECB's Mersch: Anti-money laundering and combating the financing of terrorism – recent initiatives and the role of the ECB
2019-11-08 BIS: Basel Committee consults on guidelines on cooperation between prudential and AML/CFT supervision
2019-10-04 ESAs highlight money laundering and terrorist financing risks in the EU financial sector
2019-08-29 BIS: Suptech applications for anti-money laundering
2019-07-24 European Commission: Report assessing recent alleged money-laundering cases involving EU credit institutions
2019-04-04 EBA centralises information on administrative sanctions or measures under AMLD4
2019-03-08 House of Commons: UK’s fragmented anti-money laundering system needs re-ordering, warns Treasury Committee
2019-03-07 Money laundering and terrorist financing: Council returns draft list of high risk countries to the Commission
2019-03-07 The Economist: More banks are caught up in money-laundering scandals
2019-02-26 Bruegel: The European Union must change its supervisory architecture to fight money laundering
2019-02-25 New Europe: Danske Bank money-laundering scandal appears to have Swedish connection
2019-02-19 EBA opens formal investigation into possible breach of Union law by the Estonian and Danish competent authorities regarding money-laundering
2019-02-14 ACCA backs the Flag It Up campaign
2019-02-13 European Commission adopts new list of third countries with weak anti-money laundering and terrorist financing regimes
2019-01-15 ESAs announce multilateral agreement on the exchange of information between the ECB and AML/CFT competent authorities
2019-01-10 ECA: Anti-fraud policy needs to be reformed to improve the fight against fraud affecting the EU budget

Prior Years Reports


Anti-Money Laundering - 201830 articles out of 30.

Anti-Money Laundering - 201718 articles out of 18.

Anti-Money Laundering - 20166 articles out of 6.

Anti-Money Laundering - 20152 articles out of 2.