Positions

Input on EBA’s AML/CTF Draft Guidelines

The EBA issued a public consultation on revised money laundering and terrorist financing (ML/TF) risk factors Guidelines ​as part of a broader communication on AML/CFT issues. This update takes into account changes to the EU Anti Money Laundering and Counter Terrorism Financing (AML/CFT) legal framework and new ML/TF risks, including those identified by the EBA’s implementation reviews. These Guidelines are central to the EBA’s work to lead, coordinate and monitor the fight against money laundering and terrorist financing, explained in the accompanying factsheet.

You can find EFA’s input to EBA’s consultation here.

More Positions

EFA Statement on the Provisional Agreement on the Instant Payments Regulation

Joint Statement on the treatment of Merchant Initiated Transactions under the Payment Services Regulation

EFA Position on the Digital Euro Regulation

Joint Industry Statement on AI Definition

In the wake of the December 2023 political agreement on Artificial Intelligence regulations, financial industry representatives stress the need to safeguard ongoing credit scoring operations from potential disruptions caused by pending technical details around the agreed definition of “artificial intelligence systems”. Credit scoring is a vital element of the financial sector, providing a way to evaluate an individual’s creditworthiness based on their financial history and behaviour. This evaluation assists lenders in making well-informed decisions about extending credit or loans.
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