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.

Read the full report

Back to news and insights Read next article

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.

News and insights

EBA publishes guidelines on internal policies, procedures and controls on restrictive measures

Singapore introduces Protection from Scams Bill

UK Finance responds to Bank of England paper on Innovation in Money and Payments