EBA reports on the opportunities and challenges in AML/CFT SupTech

SupTech deployments in the AML/CFT area remain at an early stage but competent authorities are already experiencing tangible benefits, including improved data quality, enhanced collaboration, and more efficient risk identification. Several challenges remain, such as limited resources, legal uncertainty, and data governance constraints.  As the EU moves forward with its new AML/CFT framework, the use of SupTech represents a critical opportunity to modernise supervisory practices and strengthen the financial system’s resilience against financial crime.