About a-team Marketing Services

A-Team Insight Briefs

EU Issues Warning to Member States Over 5AML

Subscribe to our newsletter

More than half of the EU’s member states have failed to fully implement the 5th Anti-Money Laundering Directive, according to the European Commission (EC). The authority has sent letters of formal notices to 17 countries – including Cyprus, Hungary, the Netherlands, Portugal, Romania, Slovakia, Slovenia and Spain – which it says missed the official implementation deadline of 10 January, 2020. The EC also criticised Austria, Belgium, the Czech Republic, Estonia, Greece, Ireland, Luxembourg and Poland for only partial implementation, and warned Luxembourg over its choice to allow firms “unlimited deductability of interest” from their tax bills.

“The Commission regrets that the Member States in question have failed to transpose the Directive in a timely manner and encourages them all to do so urgently, bearing in mind the importance of these rules for the EU’s collective interest,” said the EC in a statement.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: Best practices for compliance with EU Market Abuse Regulation

Date: 18 June 2024 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes EU Market Abuse Regulation (MAR) came into force in July 2016, rescinding the previous Market Abuse Directive and replacing it with a significantly extended scope of regulatory obligations. Eight years later, and amid constant change in capital markets regulation,...

BLOG

Ascent Technologies Adds Horizon Scanning with Acquisition of Waymark

Ascent Technologies, a Chicago-based vendor of AI-enabled compliance automation solutions, has acquired Waymark, a UK-based provider of horizon scanning and compliance management workflow solutions. The move follows Ascent’s recent acquisition by Edgewater Equity Partners. Waymark’s horizon scanning tools augment Ascent’s obligations management technology, with the combined company now able to offer regulatory coverage of the...

EVENT

AI in Capital Markets Summit London

The AI in Capital Markets Summit will explore current and emerging trends in AI, the potential of Generative AI and LLMs and how AI can be applied for efficiencies and business value across a number of use cases, in the front and back office of financial institutions. The agenda will explore the risks and challenges of adopting AI and the foundational technologies and data management capabilities that underpin successful deployment.

GUIDE

Regulatory Data Handbook 2023 – Eleventh Edition

Welcome to the eleventh edition of A-Team Group’s Regulatory Data Handbook, a popular publication that covers new regulations in capital markets, tracks regulatory change, and provides advice on the data, data management and implementation requirements of more than 30 regulations across UK, European, US and Asia-Pacific capital markets. This edition of the handbook includes new...