Joint ESA's Report on Removing Licences for Serious AML/CTF Breaches

30 May 2022

Joint ESA's Report on Removing Licences for Serious AML/CTF Breaches

The three European Supervisory Authorities – EBA, EIOPA and ESMA - have published a joint report proposing the introduction of EU sectoral laws to provide grounds for regulators to revoke licences for serious breaches of AML/CTF rules.

The report also calls for the inclusion of assessments by competent authorities of the adequacy of the arrangements and processes to ensure AML/CTF compliance as one condition for granting authorisation or registration.

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Joint ESA's Report on Removing Licences for Serious AML/CTF Breaches

30 May 2022

Joint ESA's Report on Removing Licences for Serious AML/CTF Breaches

The three European Supervisory Authorities – EBA, EIOPA and ESMA - have published a joint report proposing the introduction of EU sectoral laws to provide grounds for regulators to revoke licences for serious breaches of AML/CTF rules.

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