EBA EXTERNAL COMMUNICATIONS - The EBA published a Report on competent authorities' approaches to the AML/CFT supervisions of banks

In December, we published a Report outlining our findings from the fourth and final round of implementation reviews of competent authorities’ approaches to tackling ML/TF risks in the banking sector. With the conclusion of this round, we have now assessed all forty competent authorities that are responsible for the AML/CFT supervision in all EU/EEA Member states.

date: 16/12/2024

Between January 2023 and June 2024, we assessed fourteen competent authorities from nine member states that are responsible for tackling ML/TF risks in banks. We then issued recommended actions tailored to each competent authority to support their AML/CFT work. Overall, while we continued to identify issues and shortcoming in this last round of reviews, the progress made since the first round suggests that the effectiveness of AML/CFT supervision will facilitate the effective implementation of the new AML/CFT package. This is the result of the actions taken by competent authorities following our recommendations.

The EBA published a Report on competent authorities' approaches to the AML/CFT supervisions of banks

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