While financial institutions, on the one hand, are in the process of implementing and preparing to apply the fundamental amendments and changes that will take place in upcoming years by the EU AML Package—entering into force...more
5/15/2025
/ Anti-Money Laundering ,
BaFin ,
Enforcement Actions ,
EU ,
Financial Institutions ,
Germany ,
Penalties ,
Regulatory Oversight ,
Regulatory Requirements ,
Reporting Requirements ,
Suspicious Activity Reports (SARs)
The Directive (EU) 2021/2167 sets out a harmonized regulatory framework for services in relation to non-performing loans and has to be implemented by Member States by 29 December 2023. In Germany, the draft bill of the Credit...more
8/4/2023
/ Banking Sector ,
Creditors ,
Debt Collection ,
Debt Collectors ,
EU ,
EU Directive ,
European Commission ,
Financial Institutions ,
Financial Services Industry ,
Germany ,
Loan Servicer ,
Member State ,
Regulatory Requirements