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NEWS: Stop AML monitoring of low level digital euro transactions, advises Europe’s data privacy watchdog

Premium October 18, 2023

Pressekonferenz der Europaeischen Zentralbank EZB Christine Largarde, die Praesidentin der Europaeischen Zentralbank untermauert ihre Aussagen mit Handgeste bei der Pressekonferenz nach der Sitzung des EZB Rat in der Zentrale der Europaeischen Zentralbank, Frankfrut am Main, 27.07.2023 Frankfurt am Main Hessen Deutschland *** Press conference of the European Central Bank ECB Christine Largarde, the President of the European Central Bank underlines her statements with hand gesture at the press conference after the meeting of the ECB Governing Council at the headquarters of the European Central Bank, Frankfrut am Main, 27 07 2023 Frankfurt am Main Hesse GermanyNo Use Switzerland. No Use Germany. No Use Japan. No Use Austria

AML COMMUNITY: Danske’s Milda Olencevičiūtė inspires with her Monday morning social post

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NEWS: Half of Russia’s payments to China made through middlemen, sources say

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REGULATORY INTELLIGENCE: Everything you need to know about Europe’s new AML laws and the Authority (AMLA) – all in one place

By AML Intelligence Correspondent The European Union’s data protection watchdog today (Wednesday) called for stronger privacy safeguards in EU draft legislation to underpin a digital euro. It advises that there should be no AML/CFT monitoring of low value online or offline digital euro (crypto) transactions. The European Data Protection Board (EDPB) said it “strongly recommended”…

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AML COMMUNITY: Danske’s Milda Olencevičiūtė inspires with her Monday morning social post

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NEWS: Half of Russia’s payments to China made through middlemen, sources say

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REGULATORY INTELLIGENCE: Everything you need to know about Europe’s new AML laws and the Authority (AMLA) – all in one place

Regulatory Watch News

  • Financial sanctions update: ISIL (Da’esh) and Al-Qaida

    OFSI

    On 29 April 2024 the Foreign, Commonwealth and Development Office updated the UK Sanctions List on GOV.UK. This list provides details of those designated under regulations made under the Sanctions Act. Enacting the UN’s decision to amend this entry on 25 April 2024, the following entry has been amended under the ISIL (Da’esh) and Al-Qaida financial sanctions regime and remains subject to an asset freeze:

    • Sanaullah Ghafari (Group ID: 14169)

  • SIRIUS and An Garda Síochána advance collaboration in cross-border access to electronic evidence

    Europol

    On the 25 and 26 April 2024, over 47 representatives from 25 law enforcement authorities (LEAs) across Europe as well as 29 representatives from 15 companies met in Dublin, Ireland, at the invitation of An Garda Síochána and the SIRIUS project, at the The SIRIUS SPoC Network Meeting. The meeting served for participants to share the latest developments, best practices, common challenges and possible solutions in the area of cross-border access to electronic evidence. Countries with no Single Point of Contact (SPoC) in place attended the event as observers, to assess if any of the established methods could possibly be of interest and put in place within their own agencies.

  • U.S. Department of the Treasury’s Federal Insurance Office Launches New Partnership with the National Science Foundation on Terrorism and Catastrophic Cyber Risks

    US Department of the Treasury

      WASHINGTON – This week, the U.S. Department of the Treasury’s Federal Insurance Office (FIO) hosted the 2024 International Forum of Terrorism Risk (Re)Insurance Pools (IFTRIP) Annual Conference.  IFTRIP is a forum of 15 nations, including the United States, supporting initiatives for closer international collaboration among sovereign-backed terrorism reinsurance pools.  FIO began serving as chair of the IFTRIP in 2024.

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