Financial institutions acting on the basis of the freedom to provide services (“FPS”) may be obliged to cooperate with the financial intelligence unit of the host Member State according to the CJEU

In a recent judgment (Case C-212/11 “Jyske Bank Gibraltar Ltd”), the CJEU has ruled that EU law does not preclude host Member State legislation from imposing on financial institutions operating in this Member State on an FPS basis (without being established there) the obligation to cooperate directly with the host Member State authorities on ML/TF matters relating to its operations in such State.

Find below the full newsflash.

YOU MIGHT ALSO WANT TO DISCOVER

12/06/2019
EMIR Refit – Key Changes

On 28 May 2019, EMIR Refit, the Regulation (EU) 2019/834 of 20 May 2019 amending Regulation (EU) 648/2012, was published in the Official Journal of the European Union. The date of entry into force is 17 June 2019. The following contains a summary of the key changes, the aim of w...

Read More_
Corporate Governance and liabilities of the management body
Webinar - Register of beneficial owners: are you ready for September 2019?
enhance
your
experience
unfortunately, you can not personnalize your browsing on this page

Would you like to configure your browsing experience at arendt.com?

Let us know your profile and favourite topics

You are

Banking and Financial Services

Fund Industry

Private Sector

Private Wealth

Public Sector