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

EBA warns deposit guarantee schemes may fall victim to financial crime; calls for heightened security and information sharing

THE EUROPEAN BANKING AUTHORITY wants key reforms to the way AML risks are handled when banks fail.

The reforms call for strengthening the regulations around EU deposit guarantees, which allow for individuals to claim limited reimbursements if their bank becomes insolvent.

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