AML, MiFID, FATCA... for Belgian Compliance Officers & Lawyers
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ESMA issues advice on extension of the AIFMD Third Country Passport to 12 non-EU countries, including the United States | Lexology

ESMA issues advice on extension of the AIFMD Third Country Passport to 12 non-EU countries, including the United States | Lexology | AML, MiFID, FATCA... for Belgian Compliance Officers & Lawyers | Scoop.it
ESMA has published advice on the extension of the AIFMD passport in respect of 12 non-EU countries, including the United States. In the case of the…
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ESMA issues advice on extension of the AIFMD Third Country Passport to 12 non-EU countries, including the United States.

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EU Seeks Swap Rule Changes as Collateral Deadlines Slip Globally

EU Seeks Swap Rule Changes as Collateral Deadlines Slip Globally | AML, MiFID, FATCA... for Belgian Compliance Officers & Lawyers | Scoop.it
European Union policy makers called for the speedy adoption of revisions to collateral rules for swaps as they try to contain the threat that their failure to meet a global regulatory deadline may fracture the $493 trillion market.
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28 July — The European Commission amends the draft RTS on risk mitigation techniques for OTC derivative contracts not cleared by central counterparts, and in particular the diversification requirements for pension funds.

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ESMA publishes updated UCITS Q&A

ESMA publishes updated UCITS Q&A | AML, MiFID, FATCA... for Belgian Compliance Officers & Lawyers | Scoop.it
The European Securities and Markets Authority (ESMA) has published an updated questions and answers document (Q&A) on the application of the Undertakings for the Collective Investment in Transferable Securities Directive (UCITS).
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Last week, ESMA published its updated UCITS Q&A.

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FSMA: Approbation des règles de marché modifiées d'Alternext

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Les nouvelles règles de marchés d'Alternext sont entrées en vigueur le 3 juillet après approbation par la FSMA

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Compliance and Regulatory Scrutiny Free Webinar | ACAMS

Compliance and Regulatory Scrutiny Free Webinar | ACAMS | AML, MiFID, FATCA... for Belgian Compliance Officers & Lawyers | Scoop.it
Sponsored by When: July 19, 2016 Time: 12:00 PM - 1:00 PM ET Level: All While new regulatory frameworks have created serious challenges for compliance professionals in the last ten years, the recent uptick in enforcement actions changes the point of response for many compliance officers.
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ACAMS offers a free AML webinar on 19 July: "Achieving Compliance Efficiencies amid Heightened Regulatory Scrutiny".

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Arrêt du Conseil d'Etat du 4 mars 2016 : rejet de la demande d'annulation de l'AR du 24 avril 2014 portant
approbation du règlement de la FSMA concernant l'interdiction de commercialisation de cert...

Cécile Chabot's insight:

Par son arrêt du 4 mars 2016, le CE a rejeté la demande d'annulation de l'AR du 24 avril 2014 approuvant le règlement de la FSAM interdisant la commercialisation de certains produits financiers auprès des clients de détail.

 

Cette demande était introduite par un courtier en "life settlement" qui s'opposait à l'interdiction de vente de ces produits aux clients de détail.

 

Le Conseil d'Etat a rejetté tous les moyens, considérant que

  • la FSMA n'avait pas commis d'erreur d'appréciation en considérant ces produits comme spéculatifs et particulièrement à risque,
  • que le pouvoir d'interdire ou de restreindre la commercialisation de produits financiers ne se limite pas aux seuls produits financiers complexes, et
  • que l'interdiction n'est pas disproportionnée.
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Ending EU citizens' bank secrecy in Andorra

Ending EU citizens' bank secrecy in Andorra | AML, MiFID, FATCA... for Belgian Compliance Officers & Lawyers | Scoop.it

FroAll the latest news from the Press Service of the European Parliament: votes, resolutions, debates, parliamentary committees and the plenary.

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The EU and Andorra will automatically exchange information on the bank accounts of each other's residents, starting in 2018 for information collected since 1 January 2017.

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Sociétes de gestion d'organismes de placement collectif et gestionnaires d'organismes de placement collectif alternatifs - website

01-03-2016
FSMA_2016_03
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Le 1er mars 2016, la FSMA a publié une nouvelle circulaire détaillant ses exigences en matière de politique de continuité des sociétés de gestion de portefeuille et de conseil en investissement et des sociétés de gestion d’organismes de placement collectif (alternatifs).

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FATF : Updated Guidance for a Risk-Based Approach for Money or Value Transfer Services

FATF : Updated Guidance for a Risk-Based Approach for Money or Value Transfer Services | AML, MiFID, FATCA... for Belgian Compliance Officers & Lawyers | Scoop.it

Money or Value Transfer Services (MVTS) play an important role in the international financial system and in supporting financial inclusion.

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In February, FATF published an updated version of its 2009 guidance for a risk-based approach for Money or Value Transfer Services

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APAC Financial Crime Challenges | ACAMS

APAC Financial Crime Challenges | ACAMS | AML, MiFID, FATCA... for Belgian Compliance Officers & Lawyers | Scoop.it
This AML online training looks at some of the top challenges faced in APAC region by compliance professionals and methods to meet obligations.
Cécile Chabot's insight:

On 11 March, ACAMS offers a free webinar on AML challenges  in APAC countries.

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La FSMA organise une consultation sur circulaire relative à la commercialisation de produits financiers aux clients de détail.

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Consultation de la FSMA sur la circulaire relative aux règles applicables aux publicités en cas de commercialisation de produits financiers auprès des clients de détail; vous avez jusqu'au 24 juillet pour y participer.

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AML: le rapport annuel de la CTIF pour 2014

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27.767 déclarations de soupçon, 6.978 dossiers ouverts,19 oppositions à l'exécution d'une transaction et une croissance des opérations d'empilage et d'intégration: voilà quelques enseignements tirés du rapport annuel 2014 de la CTIF.

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ECB: TARGET2-Securities successfully launched today

ECB: TARGET2-Securities successfully launched today | AML, MiFID, FATCA... for Belgian Compliance Officers & Lawyers | Scoop.it
TARGET2-Securities successfully launched today
Cécile Chabot's insight:

T2S went live yesterday with four central securities depositories from Greece, Malta, Romania and Switzerland. Italy will follow in 6 weeks and the second wave (among which NBB SSS and Euroclear) is scheduled for March 2016.

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4ème directive AML : déjà des changements | CREO

4ème directive AML : déjà des changements | CREO | AML, MiFID, FATCA... for Belgian Compliance Officers & Lawyers | Scoop.it
Communiqué de presse de la Commission, du 5 juillet 2016, contre les pratiques fiscales abusives
Cécile Chabot's insight:

Avant même que d'être transposée dans les droits nationaux, la directive AML 4 (Directive 2015/849) va être modifiée pour renforcer la lutte contre le financement du terrorisme (et la fraude fiscale). En tout cas, la Commission a fait une proposition en ce sens début juillet.

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TRACFIN - Rapport d'activité 2015 de Tracfin | Le portail des ministères économiques et financiers

TRACFIN - Rapport d'activité 2015 de Tracfin | Le portail des ministères économiques et financiers | AML, MiFID, FATCA... for Belgian Compliance Officers & Lawyers | Scoop.it
Les chiffres de l’activité de Tracfin en 2015 témoignent d’une nouvelle augmentation de l’activité du Service et d’une mobilisation accrue des professionnels assujettis au dispositif de lutte contre le blanchiment de capitaux et le financement du terrorisme.
Cécile Chabot's insight:

Voici le rapport  d'activité 2015 de TRACFIN: les "cas typologiques" (p. 38 et suivantes) sont particulièrement intéressants. Si vous souhaitez recevoir régulièrement des notifications de ce genre, rejoignez le groupe "Banking & Compliance Belgian Network" (sur Linkedin).

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Worldline et SnapSwap, jeune Fintech, concluent un partenariat pour une application mobile de transfert d’argent

Luxembourg, le 11 juillet 2016 - Worldline, leader européen du secteur des paiements et des transactions électroniques, et SnapSwap, une jeune pousse innovante en technologie financière, ont signé un accord de partenariat pour une application mobile de transfert d’argent appelée Gloneta.
Cécile Chabot's insight:

Atos Worldline se lance dans le paiement mobile.

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ESMA issues Opinion on inside information disclosure under the Market Abuse Regulation

ESMA issues Opinion on inside information disclosure under the Market Abuse Regulation | AML, MiFID, FATCA... for Belgian Compliance Officers & Lawyers | Scoop.it
The European Securities and Markets Authority (ESMA) has issued today an Opinion in response to a notification by the European Commission about intended changes on a draft Implementing Technical Standard (ITS) on the disclosure of inside information under the Market Abuse Regulation.
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ESMA disagrees with European Commission's intention to change technical standards for the disclosure of inside information...

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ESMA publishes UCITS & AIFMD remuneration guidelines

ESMA publishes UCITS & AIFMD remuneration guidelines | AML, MiFID, FATCA... for Belgian Compliance Officers & Lawyers | Scoop.it

The European Securities and Markets Authority (ESMA) has published its final Guidelines on sound remuneration policies under the UCITS Directive and AIFMD. ESMA has also written to the European Commission, European Council and European Parliament on the proportionality principle and remuneration rules in the financial sector.

Cécile Chabot's insight:

On 31 March, the European Securities and Markets Authority (ESMA) has published its final Guidelines on sound remuneration policies under the UCITS Directive and AIFMD. ESMA has also written to the European Commission, European Council and European Parliament on the proportionality principle and remuneration rules in the financial sector. #UCITS #AIFMD #ESMA

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Circulaire "continuité" FSMA_2016_03

Cécile Chabot's insight:

Le 1er mars 2016, la FSMA a publié une nouvelle circulaire "Saines pratiques de gestion visant à assurer la continuité des activités des entreprises réglementées" applicable aux: 

  • sociétés de gestion de portefeuille et de conseil en investissement de droit belge
  • sociétés de gestion d’organismes de placement collectif (alternatifs) de droit belge, et
  • succursales belges des sociétés de gestion de portefeuille et de conseil en investissement et des sociétés de gestion d’organismes de placement collectif (alternatifs) qui relèvent du droit d’un Etat non membre de l’Union Européenne.
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AML White Paper Audit and Beneficial Ownership | ACAMS

AThis AML research white paper explores beneficial ownership from a procedural point of view as well as from an AML auditor’s

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A good article on the challenges of determining Ultimate Beneficial Owners #AML

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22 March 2016: Consultation on the future of RTGS services - Information session 

Consultation on the future of RTGS services Information session When, where 22 March 2016, 09:30-16:30 CET European Central Bank, Sonnemannstrasse 20, 60314 Frankfurt am Main, Germany Agenda 09:00Registration09:30Welcome [...]...

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On 22 March, the ECB holds an information session on its consultation on the future of RTGS services... In Frankfurt.

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European Commission - PRESS RELEASES - Press release - Financial stability: New EU rules on central clearing for certain credit derivative contracts

European Commission - Press Release details page - European Commission - Press release Brussels, 1 March 2016 Today's decision implements the clearing obligation under the European Market Infrastructure Regulation ('EMIR'). It refers to some types of credit default swaps. The European Commission has adopted a new set of rules that requires certain over-the-counter (OTC) credit derivative contracts to
Cécile Chabot's insight:

EMIR: on 1 March the European Commission has adopted new rules to require clearing through central counter parties for certain OTC derivatives.

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Belarus sanctions: EU delists 170 people, 3 companies; prolongs arms embargo - Consilium

Belarus sanctions: EU delists 170 people, 3 companies; prolongs arms embargo - Consilium | AML, MiFID, FATCA... for Belgian Compliance Officers & Lawyers | Scoop.it
On 25 February 2016, the Council decided not to prolong restrictive measures for 170 people and three companies, while extending by one year an arms embargo on Belarus and restrictive measures against four people.
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On the importance to keep your sanction list updated...

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Esma statementon the implementing measures under MiFID 2/MIFIR.

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On 16 June, Esma has published a statement on the implementing measures under MiFID 2/MIFIR.

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ESMA publishes Guidelines on periodic information to be submitted by Credit Rating Agencies | Esma

ESMA publishes Guidelines on periodic information to be submitted by Credit Rating Agencies | Esma | AML, MiFID, FATCA... for Belgian Compliance Officers & Lawyers | Scoop.it
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