Overview

This is the last issue of the EBA’s AML/CFT Newsletter. Since its launch in 2020, the newsletter has provided regular updates on the EBA’s work to strengthen the EU’s AML/CFT framework. The EBA’s AML/CFT Unit would like to thank all readers for their continued engagement and interest over the years, and for their shared commitment to safeguarding the integrity of the EU financial system. Thank you for following our journey.

In September, the EBA hosted the thirtieth – and final – meeting of its Anti-Money Laundering Standing Committee (AMLSC). For five years, the AMLSC has been a cornerstone of EU-level coordination in the fight against money laundering and terrorist financing (ML/TF), bringing together supervisors, policymakers, and observers to strengthen Europe’s defences against financial crime.  We extend our sincere thanks to all members, observers, and colleagues who have contributed to this collective effort.  Learn more about the transition to AMLA in our factsheet.

This is the last issue of the EBA’s AML/CFT Newsletter. Since its launch in 2020, the newsletter has provided regular updates on the EBA’s work to strengthen the EU’s AML/CFT framework. The EBA’s AML/CFT Unit would like to thank all readers for their continued engagement and interest over the years, and for their shared commitment to safeguarding the integrity of the EU financial system. Thank you for following our journey.

We wish you a merry and peaceful Christmas from all at the EBA!

We’d like to thank you for your interest in our work and wish you and your dear ones a joyous end of the year and a great beginning of 2023. Click on the image below for animation and sound. 

We published our revised ML/TF risk factors guidelines in March 2021. They have now been translated into all official EU languages, which means that the revised guidelines will apply from 7 October 2021. All translations are available on the EBA’s website.

On 3 October 2024, the three European Supervisory Authorities: the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority (EIOPA) and the European Securities and Markets Authority (ESMA) are organising their 11th Consumer Protection Day. The theme of the event will be “Empowering EU consumers: fair access to the future of financial services”.

We are carrying out a survey of financial institutions to understand how they use RegTech solutions to comply with their legal and regulatory obligations, including in relation to AML/CFT. We will use responses to this survey to map activity in this area, identify barriers and risks related to the use of RegTech solutions and assess what we can do to facilitate the adoption and scaling up of RegTech solutions across the EU. We are particularly interested in responses from financial institutions that are using, or are in the process of developing, RegTech solutions to monitor business relationships or transactions for AML/CFT purposes. We would also like to hear from ICT third party providers that are offering or developing such solutions.  

In July, we launched a public consultation on changes to our Guidelines on internal governance. Our proposed amendments reflect new provisions in the CRDV and IFD, and include guidance on the steps institutions should take to ensure that ML/TF risks are addressed as part of their internal governance arrangements and risk management frameworks.