On 8 July 2025, the European Commission adopted a Delegated Regulation that introduces a review clause requiring an independent assessment of countries that may pose a threat to the EU financial system. The regulation is set to enter into force on 10 September 2025, twenty days after its publication in the Official Journal of the European Union on … [Read more...] about European Commission adopts delegated regulation requiring a review of countries that may pose a threat to the EU financial system
Anti-Money Laundering (AML)
Updated EU List of High Risk Third Countries – June 2025
On 10 June 2025, the European Commission adopted a Delegated Regulation updating the EU list of high‑risk third countries, identifying jurisdictions with strategic deficiencies in their anti-money laundering (AML) and counter-terrorist financing (CFT) frameworks. This update reflects the latest developments from the Financial Action Task Force … [Read more...] about Updated EU List of High Risk Third Countries – June 2025
CySEC’s New Remote Onboarding Policy: A Game-Changer
By Thekla Nikolaou Manager, Compliance Support Department In today’s rapidly evolving digital landscape, the way regulated entities interact with and onboard clients is undergoing significant transformation. The latest Policy Statement (PS-01-2024) issued by the Cyprus Securities and Exchange Commission (CySEC) is a perfect example of this … [Read more...] about CySEC’s New Remote Onboarding Policy: A Game-Changer
Navigating the EBA Travel Rule Guidelines for Crypto Assets Service Providers
By Athos Myrianthous Executive Director, MAP Fund Management Services (MAP FMS) __________________________________________________________________________________ Origin of the Travel Rule The ‘Travel Rule’ has its origins in wire transfers. The Financial Action Task Force (FATF) revised its Recommendation 16 in 2012 to ensure that … [Read more...] about Navigating the EBA Travel Rule Guidelines for Crypto Assets Service Providers
Long-Awaited EU AML/CFT Reforms Are Now Official
By Thekla Nikolaou Manager, Compliance Support Department On June 19, 2024, the European Union officially published a groundbreaking package of rules, marking a significant milestone in its fight against money laundering and the financing of terrorism. This comprehensive regulatory framework aims to enhance the effectiveness and consistency of … [Read more...] about Long-Awaited EU AML/CFT Reforms Are Now Official