By Maya Lester KC & Michael O’Kane

EBA Opinion on risks to AML/CTF and sanctions effectiveness

The European Banking Authority’s 4th Opinion on money laundering and terrorist financing risks discusses the risks impacting on the effectiveness of EU sanctions (press release, Opinion), and says that: national approaches to enforcing compliance with EU sanctions are not harmonised, which can make compliance difficult; deficiencies in sanctions screening systems are common amongst the surveyed companies; deficiencies in the identification …

European UnionEuropean Union

About Michael O'Kane

For all site-related issues, including subscription and payment issues, please contact
Michael is Senior Partner at Peters & Peters Solicitors LLP. He has acted in many of the most high profile and sensitive business crime cases of the last 25 years, at Peters &...

See profile for Michael O'Kane >

Share this page on: