Report on the functioning of AML/CFT colleges

In the report, the EBA sets out its observations of good practices observed in AML/CFT colleges. These include well structured and organised college meetings, pro-active participation and sharing of comprehensive information by some members and effective involvement of prudential supervisors in some colleges. The report also highlights areas for improvement. In particular, it points out that colleges are not yet fully embedded in supervisory processes and that colleges are not always used to exchange relevant information on an ongoing basis and without delays.