The Financial Action Task Force (FATF) released two documents, indicating jurisdictions with strategic deficiencies in their anti-money laundering and combating the financing of terrorism (AML/CFT) regimes.Read more
Guidance on the transaction monitoring process at banks
In our guidance document (see the Download section) we have listed the most important findings from our 2016 thematic examination "Post-event transaction monitoring at banks".
These findings show that banks do not yet sufficiently control their transaction monitoring process with respect to money laundering and terrorist financing risks. The documents presents the main outcomes of the examination and offers guidance on how to improve the transaction monitoring process. When developing solutions and measures you should of course take into account your institution's own circumstances. You have to make your own considerations in this respect.
Explanatory notes to the guidance document
The structure of the guidance document is as follows. Following an introduction and a brief description of the transaction monitoring process, we present the maturity model we used in our 2016 thematic examination. For each element of the model, we explain the main findings from the examination and present good practices and examples of what not to do.
Round-table counsultation meetings
In May and June 2017, we organised three round-table meetings to discuss the draft guidance document, two with the relevant first- and second-line staff, respectively, and a third for external advisors. The feedback we collected during these meetings and the written responses we received were incorporated in the final version of the guidance document, which was published in August 2017.
 A cross-sectoral examination conducted in various sectors (four banks, four payment institutions, three money transfer offices, and six trust offices).
As of 17 September 2020, banks have been permitted to temporarily exclude certain central bank exposures from the calculation, reporting and disclosure of what is known as the leverage ratio.Read more
The countercyclical capital buffer (CCyB) is a macroprudential instrument that aims to protect banks against systemic risks arising from excessive credit growth in a member state.Read more