On 6 May the European Banking Authority (EBA) announced its consultation on draft Regulatory Technical Standards (RTS) on a central database on anti-money laundering and countering the financing of terrorism (AML/CFT) in the EU (consultation paper, DPIA summary).
The interpretation of i-AML: EU to name and shame banks that fail to fight money laundering, 10 May 2021 (it is not what EBA writes in the announcement).
“EU to name and shame banks that fail to fight money laundering” | i-AML
— Ellen Timmer (@Ellen_Timmer) May 12, 2021
Addition 16 December 2021
EBA is contributing to the deluge of AML/CFT documents, like so many other supervisors. Recently it announced:
EBA issues final Guidelines on cooperation and information exchange between prudential supervisors, AML/CFT supervisors and financial intelligence units
The European Banking Authority (EBA) published today its final Guidelines setting out how prudential supervisors, anti-money laundering and countering the financing of terrorism (AML/CFT) supervisors and financial intelligence units (FIUs) should cooperate and exchange information in relation to AML/CFT, in line with provisions laid down in the Capital Requirements Directive (CRD).
EBA strengthens AML/CFT supervision in the EU through revised Guidelines and enhanced cooperation
The European Banking Authority (EBA) published today its revised Guidelines on risk-based supervision of credit and financial institutions’ compliance with anti-money laundering and countering the financing of terrorism (AML/CFT) obligations. The Guidelines set out the steps supervisors should take to ensure adequate AML/CFT oversight of their sector and support the adoption, by credit and financial institutions, of effective ML/TF risk management policies and procedures. The EBA decided to update and strengthen these Guidelines in light of the findings from its ongoing work to review competent authorities’ approaches to AML/CFT supervision. These findings suggest that some competent authorities found the implementation of the risk-based approach to AML/CFT supervision challenging.