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Compliance-first AI: the future of AML
Financial institutions are increasingly aware that artificial intelligence (AI) could transform anti-money laundering (AML) operations. Yet adoption remains cautious.
This hesitancy stands in sharp contrast...
Why blanket de-risking threatens financial inclusion
In financial compliance, missing genuine risks can bring serious consequences—but the overzealous approach of blanket de-risking is creating a different kind of crisis.
Rather than...
Regulators tighten oversight of RegTech solutions
Regulators around the world are increasing their scrutiny of RegTech solutions, with several supervisory bodies issuing detailed opinions on how such technologies should be...
EBA eases ESG reporting with no-action guidance
The European Banking Authority (EBA) has issued a no-action letter to clarify the application of the ESG Pillar 3 disclosure requirements under its disclosure...
RegTech misuse drives compliance failures, says EBA
The European Banking Authority (EBA) has raised concerns over the increasing money laundering and terrorist financing (ML/TF) risks across the EU financial sector in...
Why risk-based CLM is now essential for compliance
Compliance demands have evolved, and so must client lifecycle management. As regulations tighten, customer profiles diversify and operational costs rise, applying a ‘one-size-fits-all’ approach to onboarding and due diligence is no longer viable.
EU’s AML reforms: four key RTS changes explained
The European Banking Authority (EBA) has unveiled a series of proposals designed to streamline and strengthen anti-money laundering (AML) and counter-terrorism financing (CFT) measures across the EU. The proposed Regulatory Technical Standards (RTS) seek to create a unified approach for AML/CFT supervision, aligning the practices of supervisors and financial institutions in all Member States.
EBA consults on CRR default rules review
The European Banking Authority (EBA) has opened a public consultation to gather views on its draft amended guidelines concerning the application of the definition of default under the Capital Requirements Regulation (CRR).
AMLA and ESAs join forces to tackle money laundering
AMLA and the European Supervisory Authorities have signed a memorandum of understanding to strengthen cooperation and information exchange across the EU’s financial system.
EBA pushes for proportionality in ESG and shadow banking transparency
The European Banking Authority (EBA) has launched a public consultation on proposed amendments to disclosure requirements under the Capital Requirements Regulation (CRR3), aiming to reduce reporting complexity and align sustainability obligations with the European Commission’s broader goal to simplify ESG reporting.
