Anti-Financial Crime & Financial Crime Compliance
Regulatory Intelligence Leadership | Insight | Network

AML, Analysis, CFT, EU, Financial Services, Regulatory

INSIGHT: The 3 emerging AML threats in payment institutions – ‘white labelling’, virtual IBANs, third party acquirers; Brexit is cited in current risks

THE EUROPEAN Banking Authority (EBA) in its money laundering assessment of payment institutions has identified three main emerging risks. These related specifically to: ‘white labelling’; virtual IBANs and; third-party acquirers White Labelling The EBA assessors said several AML/CFT supervisors highlighted that ‘white labelling’ was a rising trend and was of ML/TF concern. Effectively, white labelling…

AML Intelligence
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!