A comprehensive EIB Group AML-CFT Framework, which should be read in conjunction with other relevant EIB Group Codes of Conducts, policies and guidelines was approved on 15 July 2014 and last revised on 17 January 2018.
It contains the key anti-money laundering and combatting financing of terrorism (“AML-CFT”) principles applicable to EIB Group activities and is in line with the principles of relevant EU legislation as amended and supplemented from time to time (Directive 2015/849 of 20 May 2015) on the prevention of the use of the financial system for the purpose of money laundering and terrorist financing, amending Regulation (EU) No 648/2012 of the European Parliament and of the Council, and repealing Directive 2005/60/EC of the European Parliament and of the Council and Commission Directive 2006/70/EC, best banking practices and applicable market standards.
As from 11th December 2018, the references to the repealed Regulation (EC) No 45/2001 and Decision No 1247/2002/EC of the European Parliament, of the Council and of the Commission should be construed as references to Reg. (EU) 2018/1725 of 23 October 2018 on the protection of natural persons with regard to the processing of personal data by the Union institutions, bodies, offices and agencies and on the free movement of such data, and repealing Regulation (EC) No 45/2001 and Decision No 1247/2002/EC.
The EIB Group AML-CFT Framework aims at preventing the EIB Group, its governing bodies, staff and counterparties from being associated or used for money laundering, financing of terrorism or other criminal activities.