AMLA consults on draft common standards for reporting suspicious activities and transaction records, aiming to replace fragmented approaches with harmonised, machine-readable data – by 20 Sept 26

The proposal aims to replace fragmented national reporting requirements with common, machine-readable templates and standardised data fields, while allowing reporting to be tailored by sector and the type of suspicion. The new framework is intended to provide greater clarity and consistency for businesses operating across borders, improve the quality and comparability of reports submitted to FIUs, and enable faster, more effective financial…