The most radical cuts proposed affect the CSDDD, notably trimming the definition of supply chains to include only direct suppliers. This change could fundamentally undermine the concept of corporate responsibility throughout supply chains. Additionally, the liability provisions are significantly weakened, and the Commission has proposed entirely removing a review clause designed to reassess the controversial exemption of the financial sector two years after the directive’s implementation. In essence, this omnibus aims at permanently shielding financial institutions from accountability for the environmental and human rights impacts of their investments.

Oh, something I deal with currently.

If a client deals with sanctioned entities or does anything matching suspicious activity scenario then that transaction will still be screened anyway regardless of what they self reported as their suppliers. If the client transacts with a restricted entity outside of the bank and we rely on self-reporting then that’s a redundant illusion of control.