National competent authorities are increasingly reporting AML/CFT material weaknesses and measures. In the first four months of 2024, EuReCA received 344 material weaknesses and 138 measures associated with 117 entities. While credit institutions are the most reported entities, there has been an increase in the number of submissions related to payment institutions and e-money institutions. In line with the overall figures, the material weaknesses submitted in the first four months of 2024 mainly concern deficiencies in customer due diligence (CDD) measures applied by credit and financial institutions. The types of measures reported most often are orders to comply, followed by fines/administrative pecuniary sanctions.

We have also updated the Data Protection Impact Assessment (DPIA) performed in accordance with Article 39 of Regulation (EU) 2018/1725 (EUDPR). A summary of this updated DPIA is published on our website along a notice explaining how the personal data are processed.