Your browser does not support JavaScript!
AML challenges in the context of the take-off of AMLA and the Ukraine war sanctions  

AML challenges in the context of the take-off of AMLA and the Ukraine war sanctions  

Day 3 Morning

Friday 09 September

Room :

CONGRESS HALL 2

Speakers

Chair
Marcus Pleyer
Deputy Director General, International Financial Markets, Digitization, Anti-Money Laundering & Counter Terrorist Financing - Federal Ministry of Finance, Germany
Public Authorities
Jesper Berg
Director General - Danish Financial Supervisory Authority (Finanstilsynet)
Christopher Buttigieg
Chief Officer Supervision, Chief Executive Officer ad-interim - Malta Financial Services Authority (MFSA)
Ante Žigman
President - Croatian Financial Services Supervisory Agency (HANFA-CFSSA)
Industry Representatives
Ana Fernández Manrique
Global Head of Regulation and Internal Control - Banco Bilbao Vizcaya Argentaria (BBVA)
Tyler Hand
Chief Compliance Officer - Western Union (USA)
Sylvie Matherat
Senior Advisor - Mazars
Igor Vida
Chief Executive Officer - Raiffeisenbank Česká republika

Objectives of the session

AML legal arrangements in the EU have been frequently improved overtime. However, improving the EU AML framework efficiency is an endless task due notably to the current level of tech innovation and in particular the development of the use of crypto assets but also the international nature of money laundering. Hence several high-profile money-laundering scandals across the EU have been considered as indicative of remaining structural deficiencies of the system.

Against this backdrop, on July 2021, the Commission presented a legislative package encompassing the creation of an EU authority (EU AMLA), a sixth anti-money-laundering directive, a revised regulation on transfers of funds, a proposal for a regulation on the prevention of the use of the financial system for the purposes of money laundering or terrorist financing.

This session is therefore dedicated to outline the main AML/CFT-related challenges faced by the EU, and the key success factors to build-up an effective and agile AMLA, as well as the new more uniform EU legal framework, which should contribute to improve EU AML/CTF arrangements. The session will also identify the main sources of AML/CFT effectiveness improvement in the EU. Notably in the context of the challenges raised in the EU by the war in Ukraine.

Points of discussion

  1. What are the main AML/CFT-related challenges currently faced in the EU?
  2. What are the perspectives and ambitions for these key legal negotiations under the Czech Presidency to build-up an effective AML EU legal framework and authority?
  3. How to qualify in the EU, AML/CTF effectiveness?