The EMA responded to the EBA revised Draft Guidelines under Articles 17 and 18(4) of Directive (EU) 2015/849 on customer due diligence and the factors credit and financial institutions should consider when assessing the money laundering and terrorist financing risk associated with individual business relationships and occasional transactions (‘’The Risk Factors Guidelines’’), amending Guidelines JC/2017/37.
The EMA monitors and frequently responds to government and European consultations on regulation that impact the e-money and payment services industry. The relevant regulatory proposals and consultations are listed below.
The EMA sent a letter to the Lithuanian State Tax Inspectorate regarding the Common Reporting Standards (“CRS”) and US Foreign Account Tax Compliance Act (“FATCA”).
The EMA submitted a response to the Bank of Lithuania consultation on Payment Services Guidelines.