EBA consults on Guidelines on internal policies, procedures and controls to ensure the implementation of Union and national sanctions The European Banking Authority (EBA) has initiated a public consultation on two sets of guidelines regarding internal policies, procedures, and controls to ensure the effective implementation of Union and national restrictive measures. These measures, which include targeted financial sanctions and sectoral measures like financial and economic measures or embargoes, are mandatory for all entities under the jurisdiction of Member States. The guidelines aim to establish a common understanding for payment service providers (PSPs), crypto-asset service providers (CASPs), and their supervisors about the necessary steps for compliance. … EBA consults on Guidelines on internal policies, procedures and controls to ensure the implementation of Union and national sanctions weiterlesenRead More →