EFA position paper on Customer Due Diligence (AML)
Introduction The European FinTech Association (EFA) strongly supports AMLA’s objective of harmonising Customer Due Diligence (CDD) requirements under the AMLR. A more consistent EU framework can reduce fragmentation, strengthen supervisory convergence and support a level playing field for firms operating across borders. However, the draft Regulatory Technical Standards on CDD, as currently drafted, risk introducing […]