By Irene Madongo (December 21, 2021, 10:31 PM GMT) — The European Banking Authority has fleshed out its proposed requirements for a deliberate database of potential anti-money laundering dangers at monetary corporations, together with specifying how data for this system shall be collected.
The regulator on Monday mentioned this yr it consulted on its draft technical regulatory requirements for the upcoming system, and respondents requested for extra details about some facets of the brand new program, together with for make clear on definition of fabric weaknesses.
The EBA has mentioned the database can have particulars of fabric anti-money laundering and counter-terror financing, or AML/CFT, weaknesses in monetary sector operators.
The European Union authority defined that…
Keep forward of the curve
Within the authorized occupation, data is the important thing to success. You need to know what’s taking place with shoppers, opponents, follow areas, and industries. Law360 supplies the intelligence you’ll want to stay an knowledgeable and beat the competitors.
Entry to case information inside articles (numbers, filings, courts, nature of swimsuit, and extra.)
Entry to hooked up paperwork comparable to briefs, petitions, complaints, choices, motions, and many others.
Create customized alerts for particular article and case subjects and so much more!
