{"id":583,"date":"2022-09-07T10:00:17","date_gmt":"2022-09-07T08:00:17","guid":{"rendered":"https:\/\/carotenutolex.com\/?p=583"},"modified":"2022-07-05T15:10:00","modified_gmt":"2022-07-05T13:10:00","slug":"esas-report-on-revocation-of-bank-authorisation-for-breach-of-aml-cft-law-provisions","status":"publish","type":"post","link":"https:\/\/carotenutolex.com\/en\/publications\/news\/esas-report-on-revocation-of-bank-authorisation-for-breach-of-aml-cft-law-provisions\/","title":{"rendered":"ESAs\u2019 report on revocation of bank authorisation for breach of AML\/CFT law provisions"},"content":{"rendered":"

In a recent report on the revocation of bank authorisation for serious AML\/CFT violations, ESAs:<\/p>\n

    \n
  1. call for the inclusion of adequacy of arrangements and processes to ensure AML\/CFT compliance among the licence authorization requirements;<\/li>\n
  2. underline the importance of adequate integration of AML\/CFT issues in the proposed MiCA Regulation;<\/li>\n
  3. clarify that revocation of licenses should be considered as a measure of last resort, subject to a discretionary and proportionality assessment;<\/li>\n
  4. establish uniform criteria for the notion of a \u201cserious violation\u201d of AML\/CFT rules, emphasizing that it is subject to a case-by-case assessment by competent NCA(s);and<\/li>\n
  5. provide a preliminary analysis of the interaction between serious violations of AML\/CFT rules with the crisis management and resolution regime, as well as for an initial mapping of critical operational and regulatory issues.<\/li>\n<\/ol>\n

    Joint ESAs\u2019 Report on the withdrawal of authorisation for serious breaches of AML\/CFT rules of 31 May 2022 no. 23<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

    In a recent report on the revocation of bank authorisation for serious AML\/CFT violations, ESAs: call for the inclusion of adequacy of arrangements and processes to ensure AML\/CFT compliance among…<\/p>\n","protected":false},"author":2,"featured_media":158,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[26],"yoast_head":"\nESAs\u2019 report on revocation of bank authorisation for breach of AML\/CFT law provisions - Carotenuto Studio Legale<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/carotenutolex.com\/en\/publications\/news\/esas-report-on-revocation-of-bank-authorisation-for-breach-of-aml-cft-law-provisions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ESAs\u2019 report on revocation of bank authorisation for breach of AML\/CFT law provisions\" \/>\n<meta property=\"og:description\" content=\"In a recent report on the revocation of bank authorisation for serious AML\/CFT violations, ESAs: call for the inclusion of adequacy of arrangements and processes to ensure AML\/CFT compliance among…\" \/>\n<meta property=\"og:url\" content=\"https:\/\/carotenutolex.com\/en\/publications\/news\/esas-report-on-revocation-of-bank-authorisation-for-breach-of-aml-cft-law-provisions\/\" \/>\n<meta property=\"og:site_name\" content=\"Carotenuto Studio Legale\" \/>\n<meta property=\"article:published_time\" content=\"2022-09-07T08:00:17+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-07-05T13:10:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/carotenutolex.com\/wp-content\/uploads\/compliance.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Carotenuto Studio Legale\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Carotenuto Studio Legale\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/carotenutolex.com\/en\/publications\/news\/esas-report-on-revocation-of-bank-authorisation-for-breach-of-aml-cft-law-provisions\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/carotenutolex.com\/en\/publications\/news\/esas-report-on-revocation-of-bank-authorisation-for-breach-of-aml-cft-law-provisions\/\"},\"author\":{\"name\":\"Carotenuto Studio Legale\",\"@id\":\"https:\/\/carotenutolex.com\/en\/#\/schema\/person\/b5054dce8b91d81b67e68fc17191d0dc\"},\"headline\":\"ESAs\u2019 report on revocation of bank authorisation for breach of AML\/CFT law provisions\",\"datePublished\":\"2022-09-07T08:00:17+00:00\",\"dateModified\":\"2022-07-05T13:10:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/carotenutolex.com\/en\/publications\/news\/esas-report-on-revocation-of-bank-authorisation-for-breach-of-aml-cft-law-provisions\/\"},\"wordCount\":166,\"publisher\":{\"@id\":\"https:\/\/carotenutolex.com\/en\/#organization\"},\"image\":{\"@id\":\"https:\/\/carotenutolex.com\/en\/publications\/news\/esas-report-on-revocation-of-bank-authorisation-for-breach-of-aml-cft-law-provisions\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/carotenutolex.com\/wp-content\/uploads\/compliance.png\",\"keywords\":[\"compliance\"],\"articleSection\":[\"News\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/carotenutolex.com\/en\/publications\/news\/esas-report-on-revocation-of-bank-authorisation-for-breach-of-aml-cft-law-provisions\/\",\"url\":\"https:\/\/carotenutolex.com\/en\/publications\/news\/esas-report-on-revocation-of-bank-authorisation-for-breach-of-aml-cft-law-provisions\/\",\"name\":\"ESAs\u2019 report on revocation of bank authorisation for breach of AML\/CFT law provisions - 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