The three European Supervisory Authorities (EBA, EIOPA and ESMA) have published a joint report in response to the European Commission’s February 2021 Call for Advice on Digital Finance.  The proposal include further convergence in addressing money laundering/financing of terrorism risks in a digital context, including an assessment whether to subject all crowdfunding platforms to EU AML/CFT legislation, a call for AMLA to issue guidelines on outsourcing and governance arrangements and to undertake a thematic review of best practices.

Share with: