Considering the potential detrimental effect of ML/TF risks on the institutions’ financial soundness, the revised framework proposes an integrated approach to factor ML/TF risks from a prudential perspective in the relevant SREP areas and to foster cooperation between prudential and AML/CFT authorities, while avoiding duplications or interference between supervisory measures. Such framework has been set up to enhance the overall supervisory view on institutions, their viability, and risks.

The final revised SREP Guidelines will enter into force on 1 January 2023.