AMLA | Jotup

Press release - New EU rules to combat money-laundering adopted

Retrieved on:

torsdag, april 25, 2024

European Parliament, EUR, Conference, Authority, AML, Registry, Parliament, Council, Future, AMLA, Legislation, Cryptocurrency

In addition to current information, the registries will also include data going back at least five years.

Key Points:

In addition to current information, the registries will also include data going back at least five years.
The laws also give Financial Intelligence Units (FIUs) more powers to analyse and detect money laundering and terrorist financing cases as well as to suspend suspicious transactions.
Wide-reaching due diligence
The new laws include enhanced due diligence measures and checks on customers’ identity, after which so-called obliged entities (e.g.
Next steps
The laws still need to be formally adopted by the Council, too, before publication in the EU’s Official Journal.

Feedback on the input provided by the European Parliament as part of its resolution on the ECB’s Annual Report 2022

Retrieved on:

torsdag, april 18, 2024

Crypto, European banking union, Governance, Exercise, TARGET, Ciccarelli, Single, Climate, OJ, Ethics, Carbon, ECRB, Parliament, Council, European Systemic Risk Board, European Commission, Paris Agreement, Television, Annual, Letter, Speech, Employment, Social, ESRB, Euro, Prejudice, FSB, AML, ECB, Blog, Risk, ESCB, Committee, NGFS, Policy, Woman, Suggestion, Radio, GDP, Privacy, Weather, Person, Climate change, Communication, Digital, Intelligence, Economic and monetary union, SSM, Bias, Knowledge, Mentorship, EMU, Commission, Economy, Publication, Annual report, Financial Action Task Force, Orientation, Nickel, NPL, European Central Bank, Uncertainty, Financial Stability Board, Conference, NCBS, Treaty, Growth, Financial system, Central bank, European Parliament, Network, Natural Resources, COVID-19, Terrorism, Bank, Female, IMF, Multi-function printer, Recreation, Memorandum, Data, AMLA, Security printing

Beyond managing related risks, the financial sector can also contribute to the transition toward a net-zero economy.

Key Points:

Beyond managing related risks, the financial sector can also contribute to the transition toward a net-zero economy.
Our work aims to enhance data transparency in climate change analysis, while informing monetary policy, financial stability and banking supervision.
The indicators we have developed focus on the euro area financial sector and are built from harmonised granular datasets.

Press release - Anti-Money Laundering Agency: host city candidates to present their bids

Retrieved on:

onsdag, januari 24, 2024

European Parliament, City, European, Parliament, AMLA, Hearing, Flour

On 30 January, the nine applicants to host the EU’s future watchdog on fighting money-laundering and terrorist financing will present their candidacies in a public hearing.

Key Points:

On 30 January, the nine applicants to host the EU’s future watchdog on fighting money-laundering and terrorist financing will present their candidacies in a public hearing.
You can follow the hearing (livestream and video-on-demand) here.
Background and next steps
Next, the seat of the agency will be determined by a joint vote of Parliament and Council.
Parliament and Council have reached provisional agreements on other parts of the package of measures against money-laundering and terrorist financing.

Deal on a single rulebook against money laundering and terrorist financing | News | European Parliament

Retrieved on:

fredag, januari 19, 2024

Compliance, Parliament, AML, Council, European, AMLA, Cryptocurrency

Parliament and Council negotiators reached a provisional agreement on the sixth Anti-Money Laundering (AML) directive and the EU “single rulebook” regulation.

Key Points:

Parliament and Council negotiators reached a provisional agreement on the sixth Anti-Money Laundering (AML) directive and the EU “single rulebook” regulation.
The agreed provisions, part of the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) package, will have to be applied by banks and other obliged entities to protect the EU internal market from money laundering and terrorist financing.
The new bills provide access to beneficial ownership information and give more powers to Financial Intelligence Units (FIUs) to analyse and detect money laundering and terrorist financing cases as well as to suspend suspicious transactions.
More information on the agreement on the sixth Anti-Money Laundering (AML) directive can be found here and on Anti-Money Laundering (AML) regulation, here.

Press release - Stopping the flow of dirty money: Parliament ready for negotiations

Retrieved on:

onsdag, april 19, 2023

Parliament, Council Implementing Regulation (EU) No. 282/2011, Member of the European Parliament, AMLA, European Parliament, Negotiation, European, Terrorism, Council, Legislation, Cryptocurrency, EU

Stopping the flow of dirty money: Parliament ready for negotiations

Key Points:

Stopping the flow of dirty money: Parliament ready for negotiations
MEPs will open talks with the Council of the EU on reforming the EU’s anti-money laundering rules to help authorities crack down on the illicit flow of money and assets.
The European Parliament has approved its negotiating mandates for proposals reforming the EU’s policies on anti-money laundering and countering the financing of terrorism (AML/CFT).
The first meeting to start negotiations with the representatives of EU ministers will take place at the beginning of May.
Since there were no objections to starting negotiations with the Council, the talks on the final form of the legislation can now start.

AltoVita Secures $9.5M Series A Investment to Redefine Corporate Accommodation Technology Across the Globe

Retrieved on:

måndag, december 5, 2022

AltoVita has secured investment in a market which has seen less than 2% VC funding in 2022 going to businesses led by women.

Key Points:

AltoVita has secured investment in a market which has seen less than 2% VC funding in 2022 going to businesses led by women.
Vivi Cahyadi Himmel, CEO and co-founder at AltoVita, commented: AltoVita is setting a new standard with a fresh, modern and agile approach when it comes to corporate accommodation technology.
The partnership with Fifth Wall will unlock immense real estate opportunities to provide unique inventories to meet our corporate demand globally.
Our recent investment will give AltoVita the firepower to scale its vision into new markets, and continue to develop its seamless solution for the fragmented corporate accommodation sector.

2022 Los Angeles Auto Show Announces Preliminary Press Conference Schedule for AutoMobility LA® on November 17

Retrieved on:

torsdag, november 3, 2022

LOS ANGELES, Nov. 3, 2022 /PRNewswire/ -- The 2022 Los Angeles Auto Show® today announces the preliminary press conference schedule for AutoMobility LA® (AMLA), its annual gathering for both media and industry professionals on November 17. Showcasing automotive industry innovation and growth with an emphasis on electrification as its central pillar, the day will be highlighted by a selection of significant debuts.

Key Points:

Held at the Los Angeles Convention Center, the 115th anniversary Los Angeles Auto Show will run from November 18 to 27.
For groups of 20 or more, please contact the Los Angeles Auto Show directly for group ticket pricing.
Founded in 1907, the Los Angeles Auto Show (LA Auto Show) is widely recognized as one of the most influential shows globally.
Taking place on November 17, AutoMobility LA media and industry day will include a range of groundbreaking industry announcements and reveals.

2022 Los Angeles Auto Show Announces Preliminary List of Confirmed Global and North American Vehicle Debuts

Retrieved on:

torsdag, oktober 27, 2022

LOS ANGELES , Oct. 27, 2022 /PRNewswire/ -- Los Angeles Auto Show® today announces plans for global and North America vehicle debuts at AutoMobility LA® (AMLA), its annual gathering for both media and industry professionals on November 17. Showcasing automotive industry innovation and growth with an emphasis on electrification as its central pillar, the day will be highlighted by a selection of significant debuts.

Key Points:

AutoMobility LA will feature a packed schedule of announcements, led by a global reveal from Subaru, as well as North American debuts from Hyundai, Fiat, Kia, Genesis and VinFast.
Held at the Los Angeles Convention Center, the 115th anniversary Los Angeles Auto Show will run from November 18 to 27.
For groups of 20 or more, please contact the Los Angeles Auto Show directly for group ticket pricing.
Founded in 1907, the Los Angeles Auto Show (LA Auto Show) is widely recognized as one of the most influential shows globally.

LexisNexis Risk Solutions Report Reveals the Yearly Cost of Financial Crime Compliance Reaching $56.7 Billion, a 13.6% Increase for Financial Institutions in the United States and Canada Combined

Retrieved on:

torsdag, september 29, 2022

ATLANTA, Sept. 29, 2022 /PRNewswire/ -- LexisNexis® Risk Solutions released the results of its 2022 True Cost of Financial Crime Compliance Study – U.S. and Canada Report. The annual True Cost of Financial Crime Compliance Study compiles responses of compliance professionals to identify the drivers and influencers affecting financial crime compliance and highlights spending trends. The study found that the cost of financial crime compliance has continued its rise over pre-pandemic levels, up 13.6% since 2021, to approximately U.S. $56.7 billion in the U.S. and Canada combined.

Key Points:

The annual True Cost of Financial Crime Compliance Study compiles responses of compliance professionals to identify the drivers and influencers affecting financial crime compliance and highlights spending trends.
A significant majority of U.S. (73%) and Canadian (86%) financial institutions reported an increase in financial crime compliance costs in a 12-month period beginning in April or May 2021.
The average annual cost of financial crime compliance per organization has increased most among mid/large U.S. financial institutions, up to 14%.
Key Findings from the Report:
The cost of financial crime compliance has continued to increase although the rate of increase may be leveling off.

NAVEX Launches RiskRate® Enhancements to Further Streamline Third-Party Risk Management Experience

Retrieved on:

onsdag, augusti 24, 2022

NAVEX , the leader in integrated risk and compliance management software, today announced significant updates to RiskRate , its third-party risk screening and monitoring solution.

Key Points:

NAVEX , the leader in integrated risk and compliance management software, today announced significant updates to RiskRate , its third-party risk screening and monitoring solution.
RiskRates due diligence is part of the NAVEX One platform suite of third-party risk management (TPRM) solutions.
Yet, it has never been more critical for organizations to protect their businesses, said Haywood Marsh, General Manager NAVEX Integrated Risk Management.
To learn more about NAVEX Ones third-party risk management solution, RiskRate, visit the product page or read Accelerating Risks Highlight Benefit of Mature Third-Party Assessment on NAVEXs industry blog, Risk & Compliance Matters .