THE European Banking Authority (EBA) today released a damning report on AML controls in the EU’s payments sector – heavily criticising institutions and their Competent Authorities (CAs). The agency finds that money laundering risks in the payments sectors are likely “not assessed and managed effectively” by institutions and their supervisors. The EBA’s findings suggest that…
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!
