In this episode of KYC Decoded, we dive into Article 5r which mandates European banks report any money transfers exceeding 100,000 euros leaving the EU, targeting entities with more than 40% Russian ownership. 
Join Moody’s Industry Practice Lead, Nicola Passariello, and host Alex Pillow as they unravel the complexities of financial surveillance under Article 5r of EU Reg. 833. Learn more about the implications this directive has for the financial sector and navigating complex ownership structures to meet new deadlines.  
Highlights include: 
An introduction and explanation of Article 5r of EU Reg. 833 
Reporting requirements for financial institutions 
Challenges in identifying direct and indirect ownership 
Importance of having a full KYC program 
Common pitfalls and guidance for practitioners

Is the future of financial crime prevention beyond traditional KYC?

Moody’s Talks: Risk Reframed is your gateway into the complex and ever-evolving universe of risk management. From discussions about financial crime and physical risk to forced labor and cybersecurity, from entity data to AI-led innovations, this podcast explores many of the critical risks organizations face today—along with strategies to navigate them and foster resilient growth. Join our constellation of thought leaders, authors, and practitioners as they decode the forces shaping an era of exponential risk and share insights to help organizations adapt and thrive.