ARTICLE · 16 JANUARY 2025

RegRally Insights: Sanctions Essentials – December 2024

ECOVIS ProventusLaw

ECOVIS ProventusLaw welcomes you to its monthly newsletter on Sanctions, which is dedicated to everyone who wants to understand the latest trends and developments, get tips from our experts, and

LithuaniaInternational Law

Inga Karulaityte-Kvainauskienė

ECOVIS ProventusLaw welcomes you to its monthly newsletter on Sanctions, which is dedicated to everyone who wants to understand the latest trends and developments, get tips from our experts, and deepen their knowledge.

EBA Issues Guidelines on Sanctions Compliance for Financial Institutions and Crypto-Service Providers

The European Banking Authority (EBA) has published EBA/GL/2024/15, which sets out EU standards for financial institutions (FIs) and crypto asset service providers (CASPs) on sanctions compliance governance, policies and screening systems.

Key Requirements:

Risk Assessment Alignment: FIs and CASPs must assess the effectiveness of screening systems through their restrictive measures risk assessments.

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RegRally Insights: Sanctions Essentials – December 2024

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