EBA publishes report on the state of AML/CFT supervision of banks in the EU

Between 2018 and 2024, we carried out intrusive reviews of the way 40 competent authorities addressed ML/TF risks in the EU banking sector. Following each review, we provided feedback to the competent authorities and issued recommendations as necessary. We also published four reports that summarised our overall findings, with recommendations and best practices. 

This year, we took stock of the actions taken by competent authorities in response to the feedback we provided. We found that competent authorities had made significant progress in strengthening AML/CFT supervision, and in improving cooperation with domestic and international partners. While challenges remain, including staffing and budget constraints, overall effectiveness has improved significantly. The report we published in October summarises our findings. 

AMLA will take this work forward as part of its indirect supervision mandate.