JTC Attends Compliance Council Roundtable at the European Parliament

JTC Fund Solutions (Ireland) Limited remains at the heart of Europe’s compliance conversations, as our Head of Risk & Compliance (MLRO), Ciarán Shields, was invited to attend the Compliance Council roundtable at the European Parliament in Brussels last week.

Hosted by AML Intelligence alongside leading anti-fraud advocate Regina Doherty MEP from the European People’s Party, the event brought together over 100 senior leaders from Anti-Fraud and Financial Crime Compliance across both industry and regulatory bodies, representing the EU and UK.

Expert Insights and Dynamic Dialogue

The roundtable featured distinguished panellists, including:

• Isabel Benjumea Benjumea MEP, former Rapporteur on AMLA, presenting a detailed background and legislative overview and AMLA.
• Claude Bocqueraz, Deputy Head, Fincrime Unit, European Commission, emphasised the need for more predictable supervision and closing compliance gaps in the non-financial sector.
• Gonzalo Perez del Arco Angelino, Vice President at American Express, focused on harmonisation and the need for correct definitions for products and services under new regulations such as the Payments Services Regulation.
• Julien Jardelot, Head of Government Relations, LSEG + DT4C, explored DT4C’s role in enabling efficient AML and sanctions compliance, and shared practical insights on responsible data sharing across borders.

Tackling Key Issues: AMLA, Crypto, and Compliance Gaps

Key themes centred on legislative development for AMLA, the critical importance of cross-border data sharing, and stronger cooperation and trust between Financial Intelligence Units (FIUs), supervisors, and public-private partnerships. The need for simplification and smarter cooperation was a highlight echoed by experts.

Crypto’s role in compliance was also front and centre, with MEP Regina Doherty urging AMLA to investigate findings from the ‘Coin Laundry’ media investigation, which revealed serious shortcomings in sectoral KYC practices. This topic continued to resonate, with AMLA Chair Bruna Szego addressing the issue at a concurrent BaFin congress in Germany.

Driving Change Together

Reflecting on the event, Ciarán Shields commented:

“JTC is proud to be at the forefront of vital discussions impacting EU policy, AMLA, and the future of Anti-Money Laundering and fraud prevention. Honest and collaborative dialogue between industry and policymakers is essential to combat criminal activity effectively.

I am particularly grateful to Regina Doherty MEP for hosting me at the EU Parliament – the very home of democracy. The proactive and nimble approach of regulatory bodies is key to delivering meaningful change.”

JTC Group is committed to partnering with key stakeholders, sharing insights, and shaping regulations for a safer, more transparent financial industry.

Find out more about JTC’s AML, Compliance Officer and MLRO Services by visiting our dedicated webpage.