Fintechs expanding, often not equipped for ML/TF risk - EBA Opinion

While fintech firms take a growing share of the financial services market, 70% of competent authorities in EU member states find their ML/TF risk exposure is high or rising, according to the European Banking Authority (EBA).

While fintech firms take a growing share of the financial services market, 70% of competent authorities in EU member states find their ML/TF risk exposure is high or rising, according to the European Banking Authority (EBA).