AMLA signs landmark MoU with European Supervisory Authorities (EBA, ESMA, and EIOPA) to strengthen cooperation, data sharing, and supervisory alignment across prudential and AML mandates

The MoU outlines procedures for efficient information exchange, joint oversight, and risk-based supervision, while promoting convergence in governance standards and enforcement actions. It also includes mutual observation of board meetings to enhance coordination. Fulfilling a legal obligation under Article 91 of the AMLA Regulation, this agreement marks a key step in harmonising AML/CFT efforts across the EU and significantly enhances the bloc’s ability to combat financial crime through integrated supervision and collective capacity building…