EPIF is delighted to share with you its response to the EBA consultation on the revised guidelines on risk factors.    

Please find below EPIF response to Public consultation on FATF draft guidance on digital identity.

EPIF members, and in particular our members representing the MVST sector, would like to express our appreciation to the FATF for seeking the industry’s comments on this important set of guidelines. When preparing its submission the EPIF membership carefully reviewed the separate draft response by Western Union to this consultation and has decided to lend its [...]

EPIF is pleased to share its response with the ESAs emphasising the need to ensure that the legislation in practice works also when non-bank PSPs are involved in the payment chain. EPIF is of the view that the following two principles must be made clear: 1) The bank where the Payer initiates a payment transaction needs [...]

EPIF welcomes the European Commission’s work to update the framework sanctioning criminal activity where non-cash means of payment fraud are concerned. By improving the effectiveness of prosecution of criminal activity where prevention has failed is, this initiative will foster trust and security in the online environment and contribute to the EU’s Digital Single Market.

EPIF is pleased to share its response to the Commission consultation on restrictions on payments in cash. EPIF believes that EU-wide action to restrict payments in cash is unnecessary at this time. Cash remains  the payment  method of choice for many people, due to its convenience, its portability and its universal acceptance.

EPIF is glad to share its response to the consultation on Central Contact Points. EPID agree with the princple of CCP but is of the view that it is crucial that the EBA provides guidance to Member States on the form of CCPs to avoid Member States to take on different approaches.

EPIF is pleased to share its position paper on the Commission;s proposal to amend the 4th AMLD. EPIF is supportive of the initiatives that introduces a more robust legal environment and measures to counter terrorist financing and money laundering. EPIF suggests putting together the different existing lists of high risk third countries to avoid contradictions among EU [...]

EPIF is glad to share its response to consultation on  ESAS’ Draft Guidelines on Risk Factors. EPIF believes that there should be a unified framework for a risk-based approach amd that the diversity of the payments industry needs to be takeni nto acocund when formulating an RBA.

EPIF is pleased to share its recent position paper on the 4th Anti-Money Laundering Directive. The paper is demonstrating EPIF's views on the key issues of interest on the 4th Anti-Money Laundering Directive and the Funds Transfer Regulation at the current level of the negotiation process.