EBA-Guidelines on role and responsibilities of the AML/CFT compliance officer The European Banking Authority (EBA) has published guidelines detailing the roles and responsibilities of anti-money laundering and countering the financing of terrorism (AML/CFT) compliance officers and the management body of credit or financial institutions. These guidelines aim to ensure uniform interpretation and proper implementation of AML/CFT internal governance arrangements across the EU, aligning with the EU Directive’s requirements for preventing the financial system’s use for money laundering or terrorist financing (ML/FT). Key aspects of the guidelines include: Source: https://www.eba.europa.eu/eba-publishes-guidelines-role-and-responsibilities-amlcft-compliance-officerRead More →