In August 2023, we published our third Report on the functioning of AML/CFT colleges. We found that competent authorities have taken important steps to improve the functioning of AML/CFT colleges. This resulted in the exchange of more substantive and useful information. Nevertheless, not all AML/CFT colleges have reached full maturity, and at the time of our review, approximately 50 colleges had not yet held their first meeting.

The Report highlights good practices to further strengthen the effectiveness of AML/CFT colleges going forward.