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Europe Daily Bulletin No. 13204

20 June 2023
Contents Publication in full By article 19 / 29
ECONOMY - FINANCE - BUSINESS / Money laundering
Payment institutions are not managing risk effectively, says EBA
Brussels, 19/06/2023 (Agence Europe)

Money laundering and terrorist financing (AML/CFT) risks in the sector may not be effectively assessed and managed by payment institutions and their supervisors, the European Banking Authority (EBA) said in a report published on Friday 16 June.

EBA has examined how payment institutions identify and manage money laundering and terrorist financing risks and what supervisors do to mitigate these risks when considering an application for authorisation of a payment institution and during the...

Contents

SECTORAL POLICIES
ENERGY: EU Council fails to reach agreement on electricity market reform 
ENERGY: in preparation for winter, satisfied with achievements in 2022-2023, Commission is continuing its energy diversification efforts
ENERGY: Renewable Energy Directive (RED) “unblocked” and validated by European Parliament’s rapporteurs
ENERGY: European Court of Auditors recommends updating EU electric batteries action plan
CLIMATE: EU Member States approve French initiative to bring carbon markets into line with Paris Agreement ahead of Summit for a New Global Financial Pact
ENVIRONMENT: waste electrical and electronic equipment, EU Council adopts position on aligning EU legislation with Court judgement
ENVIRONMENT: classification and labelling of chemical substances, Swedish Presidency of EU Council refines compromise on CLP regulation
FISHERIES: sustainable fishing can be compatible with existence of marine protected areas, according to draft EU Council conclusions
TRANSPORT: interinstitutional negotiations on development of Trans-European Transport Network continue
EXTERNAL ACTION
KENYA: EU concludes negotiations on Economic Partnership Agreement with Nairobi
NEAR EAST: EU concerned about violence in Jenin and new Israeli settlement projects
EGYPT: Josep Borrell calls for closer EU/Egypt relations
ARAB LEAGUE: despite Syria’s readmission, Josep Borrell wants to deepen relations with Arab League
SERBIA/KOSOVO: tensions in north of Kosovo, Aleksandar Vučić makes his presence at crisis talks with Albin Kurti conditional on Belgrade’s demands being met
Russian invasion of Ukraine
RUSSIA: EU denounces Russian decision to hold elections in temporarily occupied Ukrainian territories
STATE AID: European Commission approves Czech aid worth around €718 million for companies affected by rise in cost of thermal energy
ECONOMY - FINANCE - BUSINESS
FINANCE: Financial Data Access, Commission is preparing to propose strengthened requirements to increase power and security of customers
TAXATION: European Commission proposes a new procedure for withholding taxes on income
MONEY LAUNDERING: payment institutions are not managing risk effectively, says EBA
EDUCATION - CULTURE
CULTURE: forty years after Stuttgart Declaration, eleven MEPs draw attention to fundamental role of culture in European project
COUNCIL OF EUROPE
MIGRATION: Commissioner for Human Rights condemns Europe’s tolerance of human rights violations against refugees
NEWS BRIEFS
HUMANITARIAN AID: Commission releases new financial aid for Sudan
STATE AID: European Commission raises regional State aid ceilings for Puglia and parts of Sardinia
STATE AID: Estonia authorised to increase budget of aid scheme supporting production of renewable electricity and cogeneration
EUROPEAN COMMISSION: former European Commissioner Mariya Gabriel visits European Commission
MIGRATION: The Left Group wants a European Parliament committee of inquiry into shipwreck off the coast of Greece
DIGITAL: artificial intelligence: first trilogue under Spanish Presidency of EU Council will take place on 18 July
CIVIL PROTECTION: green light from Council of the EU for a deadline extension for building European stocks of Canadair aircraft
RESEARCH: EIC selects 51 high-tech companies for €260 million support