The EMA responded to the FCA Consultation GC20/3 on Guidance for firms on the fair treatment of vulnerable customers.
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Electronic Money Association
The Electronic Money Association is the European trade body for electronic money issuers and payment institutions.
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Regulated firms operating x border face increasing gold-plated AML requirements at local level e.g. appointment of local contact points, data & SAR reporting to local regulators; this reduces firms' ability to dedicate resources to AML-TF risks across the firm. #StopDirtyMoneyEU
🔴Follow the #StopDirtyMoneyEU conference on #AML.
#JMCampa, the #EBA Chair, is starting his panel now.
🎦http://pscp.tv/w/1vOxwkoovbRxB https://twitter.com/EU_Finance/status/1311274932811239425
#EBA supports @EU_Commission's #DigitalFinanceEU Strategy & welcomes its new potential mandates.
The proposal foresees new roles for EBA in:
✅#CryptoAssets
✅Digital operational resilience
✅Artificial intelligence
✅#RegTech& SupTech
✅Suitability of EU regulatory framework https://twitter.com/EU_Finance/status/1309085635647545345
Europe’s digital future needs a solid Digital Finance Strategy
Today we are presenting initiatives to support:
☑️ innovative financial products
☑️ EU payment solutions
☑️ a new framework for crypto-assets
☑️ & digital resilience
#DigitalFinanceEU #DigitalEU @DSMeu
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