Regulatory Roadmap

Upcoming national and international regulations for implementation

Even today, the regulatory environment in the financial services industry is still undergoing constant change. It is therefore worth having a compass at hand to keep an eye on this dynamic environment. To help you do this, the following is an overview of some of the national and international regulations whose implementation is imminent.

What is currently important for international supervisory authorities 

Hardly has the 5th EU Money Laundering Directive been implemented than the implementation of the 6th EU Money Laundering Directive "Directive (EU) of 23 October 2018 on the criminal law combating of money laundering" is already pending. This supplements the 5th Money Laundering Directive in criminal law terms by creating minimum standards for the definition of predicate offences and sanctions in the area of money laundering.

Which national topics are in focus for financial service providers 

At the national level, it is particularly worth taking a closer look at the as yet unadopted law on combating corporate crime. The core element of the draft is the Association Sanctions Act (VerSanG), which provides for a tightening of corporate criminal law on the one hand and the possibility of mitigating sanctions, e.g. by providing evidence of a compliance management system, on the other.

The focus this year is not only on regulations, guidelines and laws. New standards and guidelines are also attracting attention: In particular, the new ISO 37301 "Compliance Management Systems - Guidelines" in conjunction with the Association Sanctions Act will bring about change. The new ISO standard is the new version of the previous ISO 19600, the biggest difference being the change from a type B standard to a type A standard. This means that a Compliance Management System, structured according to the new ISO standard, can be certified. This will play an important role for companies in the future, especially in conjunction with the planned law on sanctions for associations.

How the 4C GROUP helps you to keep track of regulatory requirements

Knowing what's coming and knowing how to do it from one source: The 4C GROUP helps you to build or recalibrate your regulatory compass. With a site survey, we will find out together how comprehensively you have already anchored the currently required regulatory requirements in your organisation. Together, we look ahead and ensure that you are not surprised by any approaching regulatory requirements. And to ensure that this continues to be the case in the future, we help you to establish lean and pragmatic processes for effective monitoring of the legal situation and thus set up your own Regulatory Radar. And what if a regulatory gap were to open up in your company as a result of all this? Stay cool: With us, you will master the efficient and beneficial implementation of regulatory requirements par excellence - that's why we call it "Regulatory Excellence".