Anti-Financial Crime & Financial Crime Compliance
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Banking, Compliance News, EU/Europe

INSIGHT: EBA seeks feedback on so-called ‘name and shame’ bank AML database – a ‘key tool’ in efforts to stop dirty money

By Dan Byrne for AMLi

The European Banking Authority (EBA) is seeking feedback on its plans to create a central database for anti-money laundering and counter-terror financing.

It is giving stakeholders just over a month to submit comments on specific standards that will govern how the database works in practice – marking the next step in fulfilling a mandate that was handed to the EBA over a year ago.

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