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Action Plan on anti-money laundering

Single market

Recent money laundering scandals have shown the need for a comprehensive and effective EU approach to preventing and combating money laundering and terrorist financing. This Communication will present the areas the Commission intends to address in its preparatory work in view of updating the existing regulatory framework.

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Public consultation

ID: 12176

Lobbying Activity

24 responses

Finance Industry Pushes Public-Private Partnerships for Money Laundering Fight

Association for Financial Markets in Europe, 11 Mar 2020

The association wants stronger public-private partnerships for intelligence sharing and bank-to-bank information exchange. They advocate moving toward maximum harmonization through EU regulations rather than national directives, with uniform Know-Your-Customer requirements across member states.
This would let banks operate with uniform policies and use resources more efficiently.
National regulators lose flexibility to impose stricter money laundering controls than EU baseline.

Consultation response

European Banking Federation, 11 Mar 2020

Dear Sir/Madam, Please find enclosed a word (light) version of "LIFTING THE SPELL OF DIRTY MONEY", EBF BLUEPRINT FOR AN EFFECTIVE EU FRAMEWORK TO FIGHT MONEY LAUNDERING A full pdf version is available at: https://www.ebf.eu/wp-content/uploads/2020/03/EBF-Blueprint-for-an-effective-EU-framework-to…

Consultation response

Bundesverband deutscher Banken e.V., 10 Mar 2020

Dear Sir or Madame, Please find attached the position of the Association of German Banks on AML & CTF Regulation in the EU. Sincerely yours, Tobias Frey

Consultation response

Gesamtverband der Deutschen Versicherungswirtschaft e.V., 11 Mar 2020

Dear Madam / Sir, please find attached our positionpaper on the Roadmap on anti-money laundering. Thank you very much.

Consultation response

Finance Watch, 11 Mar 2020

Please refer to the attached submission document, which is based on evidence collected as part of the Finance Watch report on groups of citizens that are at particular risk of financial exclusion and discrimination -…

Consultation response

Ernst & Young Core Business Services BV, 11 Mar 2020

Dear Sir/Madam EY Europe SCRL (“EY”) wishes to thank the European Commission (the Commission) for the opportunity to comment on its roadmap for a new comprehensive approach to preventing and combating money laundering and terrorism financing. We have set out in the attached letter what we believe…

Consultation response

RELX, 11 Mar 2020

RELX is a global provider of information-based analytics and decision tools for professional and business customers. We welcome the opportunity to provide feedback to the Commission's Roadmap on anti-money laundering (AML) ahead of the presentation of the Commission's AML Action Plan. Please find…

Consultation response

European Fund and Asset Management Association, 10 Mar 2020

The European Fund and Asset Management Association (EFAMA*) welcomes the European Commission’s efforts to work towards an adequate implementation of the EU Anti-money laundering (AML) framework and look forward to engaging on the next steps in the March AML Action Plan. We agree with the…

Consultation response

European Savings and Retail Banking Group, 11 Mar 2020

ESBG fully supports preventing money laundering and curbing terrorist financing. In ESBG’s view, an urgent and useful next step is an enhanced cooperation between supervisors and regulators as well as a strengthened dialogue between them and the banking industry. It is also key to monitor and…

Consultation response

Institute of International Finance, 11 Mar 2020

Please find attached the submission of the Institute of International Finance (IIF).

Consultation response

Leaseurope, 11 Mar 2020

Leaseurope, the European federation representing the leasing and automotive rental industries, supports the Commission’s aim of tackling money laundering within the EU, and to improve the implementation of the EU anti-money laundering framework. In response to the Commission’s recent roadmap…

Consultation response

Europex - Association of European Energy Exchanges, 11 Mar 2020

See provided file

Consultation response

Association européenne du cautionnement, 10 Mar 2020

AECM and its members acknowledge the efforts of the European Commission to further strengthen EU rules on anti-money laundering and counter-terrorist financing. At the same time, AECM members would like to draw attention to a double documentation and double due-diligence barrier its members are…

Consultation response

Association Française des Marchés Financiers, 11 Mar 2020

AMAFI welcomes the opportunity to give feedback on the Commission’s Roadmap regarding its action plan on anti-money laundering and countering financing of terrorism (“AML/CFT”) and supports with the EU’s ambition on this topic. Nowadays, regarding the importance taken by AML/CFT issues, investment…

Consultation response

Global Legal Entity Identifier Foundation, 10 Mar 2020

The Global Legal Entity Identifier Foundation (GLEIF) is pleased to provide comments to the European Commission on its Roadmap titled Towards a New Comprehensive Approach to Preventing and Combating Money Laundering and Terrorism Financing. GLEIF will focus its comments on the use of the Legal…

Consultation response

Bundesrechtsanwaltskammer, 11 Mar 2020

s. Stellungnahme in der Anlage

Consultation response

Counter Extremism Project, 11 Mar 2020

"Counter Extremism Project (CEP) and Berlin Risk have co-authored the policy paper, “Further Development of European Union Regulatory Framework for Cryptocurrencies necessary to Mitigate Risks of Terrorism Financing”. AUTHORS Dr. Hans-Jakob Schindler, Senior Director CEP and former Coordinator…

Consultation response

European Network of Credit Unions, 11 Mar 2020

See attachment.

Consultation response

European Security Transport Association, 4 Mar 2020

Please see the attached full response from ESTA as the 4000 characters allowed in this link do not allow providing a meaningful response to the issues raised in the consultation document. ESTA, the European Cash Management Companies' association comprising of more than 120 member companies in…

Consultation response

Österreichischer Rechtsanwaltskammertag, 10 Mar 2020

The ÖRAK (Austrian Bar) thanks the European Commission for the opportunity to comment on the Roadmap “Towards a new comprehensive approach to preventing and combating money laundering and terrorism financing”. The ÖRAK (Austrian Bar) notices that “central EU mechanisms/bodies to strengthen the…

Consultation response

Financial Markets Law Committee, 3 Mar 2020

Please find the FMLC's response attached.

Consultation response

European Federation of Accountants and Auditors for Small and Medium-sized Enterprises, 19 Feb 2020

In this article https://www.ifac.org/knowledge-gateway/building-trust-ethics/discussion/fighting-corruption-requires-accountants-act-here?utm_medium=email&utm_source=transactional&utm_campaign=GKG_Latest Kevin Dancey, IFAC CEO, notes that corruption is costing the global economy US$3.6 trillion…

Consultation response

Cryptovalues Società Consortile a r.l., 11 Mar 2020

Dear Sir/Madam, my name is Federica Rocco and I am the Chief Executive Officer at CryptoValues consortium (the “Consortium”). The Consortium, founded in 2018 on the initiative of The Rock Trading S.r.l., together with other companies of the crypto industry, is an association that brings together…

Consultation response

Asociación de Víctimas de corrupción judicial, 8 Mar 2020

There are many different Regulations and Directives to regulate and control money laundering. There are also several different reports published, like the “Supranational Risk assessment report”, the “Assessment of recent high-profile money laundering cases in the financial sector”, the “Financial…