Action Plan on anti-money laundering

RELX is a global provider of information-based analytics and decision tools for professional and business customers. We welcome the opportunity to provide feedback to the Commission's Roadmap on anti-money laundering (AML) ahead of the presentation of the Commission's AML Action Plan. Please find attached our submission of feedback.

HSBC Response to Commission 2020 AML Roadmap 11 March 2020 HSBC welcomes the opportunity to provide feedback on the European Commission’s 2020 AML Roadmap. As acknowledged in the Roadmap, recent money-laundering scandals have highlighted weaknesses in the current EU AML framework.

Dear Sir/Madam EY Europe SCRL (“EY”) wishes to thank the European Commission (the Commission) for the opportunity to comment on its roadmap for a new comprehensive approach to preventing and combating money laundering and terrorism financing.

Dear Sir/Madam, Please find enclosed a word (light) version of "LIFTING THE SPELL OF DIRTY MONEY", EBF BLUEPRINT FOR AN EFFECTIVE EU FRAMEWORK TO FIGHT MONEY LAUNDERING A full pdf version is available at: https://www.ebf.eu/wp-content/uploads/2020/03/EBF-Blueprint-for-an-effective-EU-framework-to-fight-money-laundering-Lifting-the-Spell-of-Dirty-Money-.pdf Best regards, [name removed]

Onfido is pleased to feed into the Commission's roadmap for an Action Plan on anti-money laundering. Onfido is the global remote identity verification provider that works with 1,600 organisations worldwide, including many of the EU’s FinTech’s such as Adyen, Bunq, Getaround, Nickel, Revolut, Transferwise and Monese.

The Association for Financial Markets in Europe (AFME) is pleased to provide feedback on the European Commission’s roadmap on the upcoming initiative fora new comprehensive approach to preventing and combating money laundering and terrorism financing .

Finance Denmark supports the European Commission's communication towards a new comprehensive approach to preventing and combatting money laundering and terrorism financing and we appreciate the opportunity to provide our view and feedback.

We welcome the opportunity as a loose coalition of non-profit organisations to share some initial comments and reflections on the European Commission Roadmap towards a new European policy on preventing and combating money laundering and terrorism financing as follows, We take note that the 2020 European Commission´s Work Programme announced that in order "to ensure the integrity of the European financial system and…

Thales DIS welcomes the opportunity given by the European Commission to comment on the action plan for AML & CTF. These comments have been produced from the prospective of a provider of technical solutions for KYC operated by either public or private organizations.

ESBG fully supports preventing money laundering and curbing terrorist financing. In ESBG’s view, an urgent and useful next step is an enhanced cooperation between supervisors and regulators as well as a strengthened dialogue between them and the banking industry. It is also key to monitor and assess the proper implementation of the last AML Directives and the ESAs review.

AMAFI welcomes the opportunity to give feedback on the Commission’s Roadmap regarding its action plan on anti-money laundering and countering financing of terrorism (“AML/CFT”) and supports with the EU’s ambition on this topic. Nowadays, regarding the importance taken by AML/CFT issues, investment firms are legitimately subject to many requirements on this topic.

“Counter Extremism Project (CEP) and Berlin Risk have co-authored the policy paper, "Further Development of European Union Regulatory Framework for Cryptocurrencies necessary to Mitigate Risks of Terrorism Financing”.

Filed in German · English published by the European Commission

Dear Sir/Madam, your consultation on money laundering and terrorist financing — an action plan — gives you the opportunity to comment. We would like to thank you for this possibility and would like to explain our view as follows: The need for a comprehensive and effective EU approach to preventing and combating money laundering and terrorist financing is justified, inter alia, by the fact that the provisions of the…

Filed in German · English published by the European Commission

ECIIA Response to the Roadmap: Towards a new comprehensive approach to preventing and combating money laundering and terrorism financing Thank you for the opportunity to share our thoughts. Internal Audit plays a very important role in helping to improve tools, procedures and processes in the fight against money laundering, terrorist financing and any misuse of the financial system.

Please refer to the attached submission document, which is based on evidence collected as part of the Finance Watch report on groups of citizens that are at particular risk of financial exclusion and discrimination - https://www.finance-watch.org/wp-content/uploads/2020/03/FW-Report_Vulnerable_Groups_March2020.pdf The submission raises the specific issue of overlaps in the requirements in the 5th EU anti-money…

Leaseurope, the European federation representing the leasing and automotive rental industries, supports the Commission’s aim of tackling money laundering within the EU, and to improve the implementation of the EU anti-money laundering framework.

Dear Sir/Madam, my name is Federica Rocco and I am the Chief Executive Officer at CryptoValues consortium (the “Consortium”). The Consortium, founded in 2018 on the initiative of The Rock Trading S.r.l., together with other companies of the crypto industry, is an association that brings together some of the most reputable players and professionals in the blockchain and crypto-currency (/crypto-assets) sector.

Dear sir/madam, Great initiative to initiate a debate on how to enhance the effectiveness of a combined European approach to prevent and tackle the issues of money laundering and terrorism finance. The Dutch Anti Money Laundering Centre (AMLC) embraces the idea of creating a cross-border European public body tasked with streamlining the combat against Money Laundering on a European Level.

CINOA is the principal international confederation of art & antique dealer associations (www.cinoa.org). Established in 1935, CINOA is the global leader in representing the international art and antiques trade, setting benchmark standards for the industry and promoting a responsible art trade.

AECM and its members acknowledge the efforts of the European Commission to further strengthen EU rules on anti-money laundering and counter-terrorist financing. At the same time, AECM members would like to draw attention to a double documentation and double due-diligence barrier its members are facing regarding the monitoring responsibilities of obliged entities under the 5th Anti-Money Laundering Directive…

The European Fund and Asset Management Association (EFAMA*) welcomes the European Commission’s efforts to work towards an adequate implementation of the EU Anti-money laundering (AML) framework and look forward to engaging on the next steps in the March AML Action Plan.

The Global Legal Entity Identifier Foundation (GLEIF) is pleased to provide comments to the European Commission on its Roadmap titled Towards a New Comprehensive Approach to Preventing and Combating Money Laundering and Terrorism Financing. GLEIF will focus its comments on the use of the Legal Entity Identifier (LEI) in the Roadmap.

The ÖRAK (Austrian Bar) thanks the European Commission for the opportunity to comment on the Roadmap “Towards a new comprehensive approach to preventing and combating money laundering and terrorism financing”. The ÖRAK (Austrian Bar) notices that “central EU mechanisms/bodies to strengthen the preventive framework” are deemed to be an option for future EU measures.

There are many different Regulations and Directives to regulate and control money laundering. There are also several different reports published, like the “Supranational Risk assessment report”, the “Assessment of recent high-profile money laundering cases in the financial sector”, the “Financial intelligence Units” and the “Interconnection of central bank account registries report”.

There are Regulations and Directives to regulate and control money. There is several reports, published, the ‘Assessment of recent money restitution money laundering fines in the financial sector’, the ‘Financial intelligence operations’ and the ‘interconnectedness of central bank account register report’.

Filed in Spanish · English published by the European Commission

Please see the attached full response from ESTA as the 4000 characters allowed in this link do not allow providing a meaningful response to the issues raised in the consultation document. ESTA, the European Cash Management Companies' association comprising of more than 120 member companies in Europe and beyond, fully supports anti-money laundering policies and the industry itself has put in place stringent…

In this article https://www.ifac.org/knowledge-gateway/building-trust-ethics/discussion/fighting-corruption-requires-accountants-act-here?utm_medium=email&utm_source=transactional&utm_campaign=GKG_Latest Kevin Dancey, IFAC CEO, notes that corruption is costing the global economy US$3.6 trillion per annum, that accountants need to act and concludes: “We’ll never get rid of corruption.