The Guidelines promote a common understanding of the risk-based approach to AML/CFT and set out how it should be applied. . These Guidelines are part of the ESAs’ wider work on fostering a consistent and effective approach to AML/CFT by both, credit and financial institutions, and AML/CFT supervisors. The Guidelines provide credit and financial institutions with the tools they need to make informed, risk-based decisions on the effective management of individual business relationships and occasional transactions for AML/CFT purposes.
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The Chair of the European Securities and Markets Authority (ESMA), Steven Maijoor, has discussed Level 2 measures under the Securitisation Regulation with the European Parliament’s Committee on Economic and Monetary Affairs (ECON) in Brussels today. In his introductory statement during the ECON scrutiny session, Mr. Maijoor focused on the main elements of ESMA’s recent activities […]