Category: Risk Assessments

The European Banking Authority (EBA) today published its fourth biennial Opinion on the risks of money laundering and terrorist financing (ML/TF) affecting the European Union’s financial sector. It also sets out what competent authorities and EU co-legislators can do to mitigate those risks. The EBA issues this Opinion against the background of a changed risk landscape, which has an impact on institutions’ anti-money laundering and countering the financing of terrorism (AML/CFT) compliance and competent authorities’ approaches to supervision. Examples include geopolitical events like Russia’s invasion of Ukraine and legislative developments, such as the publication of a comprehensive ‘AML Package’ and…

I am delighted to be here for my first public speech as Director General of the National Crime Agency. Thank you all for joining me today in person and online. INTRODUCTION The mission of the National Crime Agency is to protect the public from serious and organised crime. I want to start by paying tribute to the 5,500 officers in the Agency, each of whom, every day, bring their expertise and passion to reducing serious and organised crime, arresting the criminals behind it, and, with our partners, making the UK safer, on our streets, in our communities and online. We…