EBA Guidelines – a start

GeluMaravela is apartner at MPR Partners. He may be contacted at office@mprpartners.co.uk

In an effort to achieve better common understanding bycompetent authorities and financial sector operators of the European Union’santi-money laundering regulatory framework, on 2 August [2021] the EuropeanBanking Authority (EBA) launched a public consultation on draft Guidelines onthe policies and procedures around compliance management and the role andresponsibilities of the AML/CFT Compliance Officer under Article 8 and ChapterVI of Directive (EU) 2015/849. [1] Gelu Maravela of MPR Partnersconsiders their utility and implications.