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EBA AML Newsletter_Issue 1-.pdf
AML/CFT Newsletter
EBA Report on inquiry into Cum-Ex.pdf
EBA Report on inquiry into Cum-Ex
Article
45Action plan on dividend arbitrage trading schemes Cum-ExCum-Cum.pdf
Action plan on dividend arbitrage trading schemes (“Cum-Ex/Cum-Cum”)
EBA publishes its inquiry into dividend arbitrage trading schemes (“Cum-Ex/Cum-Cum”), and announces a 10-point action plan to enhance the future regulatory framework
The European Banking Authority (EBA) published today the results of its inquiry into dividend arbitrage schemes, which looked into the actions of prudential and anti-money laundering (AML) and countering the financing of terrorism (CFT) supervisors in dealing with such schemes. The resulting Report sets out the EBA’s expectations of credit institutions and national authorities under the current regulatory framework. The EBA also decided on a 10-point action plan for 2020/21 to enhance the future framework of prudential and anti-money laundering requirements covering such schemes.
EBA welcomes EU Commission launch of AML/CFT action plan and stands ready to provide support
The European Banking Authority (EBA) welcomed today the EU Commission’s action plan on anti-money laundering and counter terrorist financing (AML/CFT), and stands ready to support the Commission’s considerations through the consultation, whilst continuing to fulfil its recently strengthened mandate to prevent ML/TF and use new powers to lead, coordinate and monitor the EU financial sector’s fight against ML/TF.