New Money Laundering Act 2021

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The Criminal Justice (Money Laundering and Terrorist Financing) (Amendment) Act 2021 (the Act) was signed into law by the President on 18 March 2021. It awaits commencement by the Minister.

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Financial Services Regulation and Compliance - Banking Mar 2021

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Domestically, the CBI has published revised guidance and forms for payment and e-money institutions; At European level, the EBA has launched public consultations on draft ITS on Pillar 3 disclosures on ESG risks and revised guidelines on the stress tests conducted by national DGSs under the Deposit Guarantee Schemes Directive

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Financial Services Regulation and Compliance - Insurance Mar 2021

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Domestically, the CBI published its first insurance quarterly newsletter of 2021; At European level, EIOPA advised the European Commission on insurer's KPIs on sustainability for non-financial reporting; launched a comparative study of non-life underwriting risks in internal models; and published Q&As on the Insurance Distribution Directive.

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