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Understanding Investing 简体中文网页 Members section

Anti-money laundering: ALFI response to the ESAs’ consultation on a draft joint RTS on measures to take to mitigate AML/CFT risks

- ALFI statements

On 11 July 2017 ALFI responded to the ESAs’ consultation on a draft joint RTS on measures to take to mitigate AML/CFT risks where a third country’s law does not permit the application of group-wide policies and procedures.

The consultation aimed at fostering a consistent approach to identifying and managing the ML/TF risk to which credit and financial institutions are exposed as a result of their operations in such countries and sets out minimum actions that should be taken in this context. In particular, issues such as individual money-laundering and terrorist financing risk assessments, customer data sharing and disclosure of information related to suspicious transactions are addressed in this paper.

Read the ALFI response.

Updated on 04/08/17
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