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EBA's report reveals concerns over poor handling of money laundering and terrorist financing risks in EU payment institutions. Lack of proper risk assessment and ineffective supervision are resulting in weak controls, threatening the EU's financial system.

SRB issued new liquidity data guidelines for 115 large European banks, enhancing resolvability. The focus is on refining frameworks, ensuring data reporting capabilities, and addressing deficiencies.

The EBA report reveals high money laundering and terrorist financing risks in payment institutions, due to ineffective risk management and weak control measures. The report urges for improved risk assessments, uniform supervision, and amendments to EU laws.

The Wolfsberg Group, an alliance of global banks, has issued guidelines for ethically deploying AI and machine learning in financial crime compliance. These technologies are recognized for their role in optimizing risk management in finance.

The financial services sector faces evolving challenges and regulatory changes. Customer impact and financial misconduct are key focuses. Adapting to these changes is crucial in a complex financial landscape.