EMA response to FATF second consultation on revisions to R.16
The EMA responded to the FATF Second Public Consultation on Recommendation 16 on Payment Transparency.
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AML
EMA response to FATF Public Consultation on National Risk Assessment Guidance update
The EMA submitted a response to the Public consultation on FATF Money Laundering National Risk Assessment Guidance Update emphasising the value contributed by the private sector, civil society, and academia. These sectors provide insights on emerging risks, facilitate effective communication with authorities, and offer frontline experience in the fight against financial crime. Furthermore, the EMA advocates for countries to engage the private sector in NRAs through public consultations and workshops, enabling comprehensive input, discussion of business models, risks, and mitigation measures, and the formation of public-private partnership groups to promote regular knowledge exchange and mutual understanding.
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