The European FinTech Association (EFA) has today published its position paper on a European action plan for a comprehensive Union policy on preventing money laundering and terrorist financing. The paper highlights key considerations around issues relating to Digital Identification, Third-Party Reliance, Account Information Service and Payment Initiation Service Providers, and Cooperation among Financial Intelligence Units (FIUs). The EFA believes that anti-money laundering rules play an important role as they constitute a key regulatory framework for the activities of FinTechs across Europe.

You can find our position here.