EU

Joint industry press release on AMLR regarding low-value gift cards

An industry association coalition of electronic money issuers, distributors, and retailers strongly calls on the European Parliament and the Council to keep the use of popular and everyday low-value, low risk e-money products such as e-money gift cards and vouchers and to abstain from introducing a mandatory customer identification for such products.

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Joint industry press release on AMLR regarding low-value gift cardsRead More »

Joint industry press release on AMLR regarding low-value gift cards Read More »

EMA response to EBA’s draft response to European Commission CfA on significance criteria under MiCA

The EMA submitted a letter to the EBA on the EBA’s draft response to European Commission’s CfA on Delegated Acts under MiCAR concerning certain criteria for the classification of ARTs and EMTs as significant and the fees that are to be charged by EBA to issuers of significant ARTs and EMTs.

Read the letter here

EMA response to EBA’s draft response to European Commission CfA on significance criteria under MiCA Read More »

Joint industry Call to Action on CDD exemption

The EMA co-signed a Call to Action to safeguard the Customer Due Diligence exemption for low-risk, low-value e-money products in the upcoming AML Regulation. The letter encourages the European Parliament to take onboard the industry concerns and remove the limitation to „a single Member State“ as well as the reference to a “direct commercial agreement with a professional issuer” in the further legislative procedure.

Read the letter here

Joint industry Call to Action on CDD exemption Read More »