AMLA introduces a common EU enforcement approach to ensure consistent, risk-based supervisory responses to breaches across financial and non-financial sectors

The final draft regulatory technical standards set out a step-by-step method for assessing AML/CFT breaches, including gravity, duration, repetition, impact and other indicators before classifying cases into four seriousness levels. The approach applies across AML-regulated sectors and is designed to give supervisors a more consistent basis for choosing enforcement outcomes, penalties and remedial measures…