Dear colleagues,
In this issue of our newsletter, we inform you about important regulatory developments in the areas of compliance, data protection, money laundering prevention and cyber security. The latest updates range from new IOSCO guidelines to BaFin’s amendments to the Money Laundering Act. We have summarized and analyzed the most important content for you.
Table of Contents
- 1. IOSCO publishes report on sustainable finance
- 2. IOSCO focuses on regulation of crypto-assets
- 3. Bundesbank specifies BAIT requirements in the context of DORA
- 4. BAFA publishes export credit guarantee report
- 5. BaFin issues new guidance on the Money Laundering Act
- 6. EBA consults on new rules to combat money laundering and terrorist financing
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1. IOSCO publishes report on sustainable finance
Summary: The International Organization of Securities Commissions (IOSCO) has presented new guidelines on the regulation of sustainable finance. The aim is to achieve greater transparency and consistency in the disclosure of ESG data in order to avoid greenwashing and increase the stability of financial markets.
Opinion: These guidelines are an important step towards strengthening sustainable investments and reducing regulatory uncertainty. Companies should assess whether their ESG reporting complies with the new requirements to minimize risks and increase investor confidence.
2. IOSCO focuses on regulation of crypto-assets
Summary: A further update from IOSCO concerns new regulatory standards for crypto-assets. The organization calls for stricter supervision and global harmonization of regulations to prevent market abuse and money laundering.
Opinion: With the increasing relevance of crypto assets, clear regulations are urgently needed. The new IOSCO standards could serve as a basis for future legislation in the EU and other jurisdictions. Companies should prepare for stricter compliance requirements.
3. Bundesbank specifies BAIT requirements in the context of DORA
Summary: The Bundesbank has updated its banking supervisory requirements for IT (BAIT) to include the new requirements of the Digital Operational Resilience Act (DORA). The changes relate in particular to risk management and resilience to cyber attacks.
Opinion: The integration of DORA into BAIT places stricter requirements on financial institutions. Companies should adapt their IT strategies and check whether their security measures meet the new standards.
4. BAFA publishes export credit guarantee report
Summary: The Federal Office of Economics and Export Control (BAFA) has published a new report on export credit guarantees. It contains the latest developments on cover mechanisms and political risks for exporters.
Opinion: Companies with international business should analyze the new guarantee conditions in order to better hedge their risks. Especially in geopolitically uncertain times, state guarantees are essential for exporters.
5. BaFin issues new guidance on the Money Laundering Act
Summary: On March 6, 2025, BaFin published updated guidance on the implementation of the German Money Laundering Act (GwG). The amendments relate in particular to identity checks and the increased monitoring of suspicious transactions.
Opinion: These changes are not a mere formality – they require immediate adjustments to internal processes and control mechanisms. Those who fail to act now risk not only fines, but also reputational damage and operational risks. BaFin will closely monitor compliance with the new requirements. Companies must ensure that their money laundering prevention measures comply with the stricter requirements – delays are not an option.
6. EBA consults on new rules to combat money laundering and terrorist financing
Summary: The European Banking Authority (EBA) has launched a consultation on new rules on anti-money laundering (AML) and terrorist financing. The planned regulations are intended to close existing gaps in the monitoring of financial transactions.
Opinion: Financial institutions should actively participate in the consultation in order to gain regulatory clarity and plan necessary adjustments at an early stage. The new regulations could have far-reaching effects on existing compliance processes.
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We wish you a successful week.
Your Riscreen team