Good governance arrangements are essential for effectively combating money laundering and terrorist financing (AML/CFT)!
In this second issue of the AMLCO newsletter, the FSMA provides details about the latest developments in the anti-money laundering and countering the financing of terrorism (AML/CFT), and in particular about the publication of the EBA Guidelines on the role, tasks and responsibilities of AML compliance officers (known as ‘AMLCOs’).
The FSMA offers a recapitulation of the legal framework, provides general explanations of the EBA guidelines and clarifies its expectations regarding the role of the senior management, the senior manager responsible for AML/CFT and the AMLCO.