THE AML systems and controls put in place by EU banks “are not always effective,” the European Banking Authority (EBA) warned today (Thursday). The EBA said in particular there were significant challenges in banks’ approaches to transaction monitoring and reporting of suspicious transactions. Transaction monitoring and the reporting of suspicious transactions wereparticularly weak and rated…
ABAC, AML, Banking, CFT, EU, Featured Articles, Financial Services, Schuman
BREAKING: Reporting of suspicious transactions by EU’s banks rated ‘poor’ by up to half of bloc’s supervisors

EBA REPORT: Terror risks continue to exist "though the changed geopolitical situation and an increase in right-wing extremism and terrorism have given rise to new TF risks," the EBA said today (Thursday). Our photo shows several right-wing extremism groups at a rally in the German city of Magdeburg on January 22, 2022.