EPIF is delighted to share with you the Joint Industry One Pager that it has co-signed on the CDD exemption for low risk E-Money Products  (Article 12 AMLD) within the future AML/CTF Framework.

EPIF considers this to be an important exemption, which is to the great benefit of consumers and that plays an important role in order to maintain the attractiveness of these products.

The signatories of this position paper firmly advise and call on the co legislators to retain the exemption for low risk, low value e money products in the AML Regulation for the benefit of customers , proportionate data collection , financial inclusion and to support digitisation and innovative business models.