Tag: Parliament
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EU Parliament moves forward with payment services reforms
The European Union Parliament has taken a significant step towards modernizing the payment services industry with the recent approval of a package of reforms aimed at improving the efficiency, security, and competitiveness of payment services within the EU. The package, known as the Payment Services Directive 2 (PSD2), builds upon the original Payment Services Directive…
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EU Council and Parliament reach agreement on AML authority
EU Council and Parliament Reach Agreement on AML Authority By [Your Name] Date: [Current Date] Overview The European Union (EU) Council and Parliament have recently reached a groundbreaking agreement regarding the establishment of a singular Anti-Money Laundering (AML) authority within the EU. With money laundering posing a serious threat to the integrity of the…