1st November 2022
The Financial Intelligence Analysis Unit (FIAU) would like to bring to the attention of all subject persons that the European Banking Authority (EBA) has issued:
- A call for interest for two expert groups
A call for expression of interest to join two Technical Expert Groups: – on crypto assets service providers and anti-money laundering and countering the financing of terrorism (TEG-CASPs/AML), and on restrictive measures regimes (TEG-RMRs) has been issued by the EBA.
Members of the TEG-CASPs/AML should provide expertise on the financial crime risks to which CASPs are exposed, and on the challenges that market participants may face when implementing the revised Funds Transfers Regulation. Furthermore, advice should be provided on how these risks and challenges could be overcome.
Members of the TEG-RMRs would be expected to advise the EBA on systems and controls that institutions make use of to comply with restrictive measures regimes, and with targeted financial sanctions. In addition, they should also advise on the challenges faced while implementing these systems and controls.
Each group will be composed of up to 20 experts and will be chaired by EBA staff. Experts should submit their expression of interest to join one of these groups by 4 November 2022 by completing the application form found on the EBA’s website.
2. A call for input to advise on the EBA’s work under the recast Funds Transfers Regulation
The EBA has issued a call for input on the ‘Joint Guidelines to prevent the abuse of fund transfers for ML/TF purposes’ issued in 2017 by the European Supervisory Authorities (ESAs).
The call for input intends to identify practical issues that financial institutions experienced when complying with the 2017 ESAs’ ‘Joint Guidelines to prevent the abuse of fund transfers for ML/TF purposes’. As a result of this input, the existing Guidelines might be amended. The deadline for the submission of responses is 15 November 2022.