EBA’s report ‘Response to the EC’s Call for Advice on 6 AMLA Mandates’, outlines a risk-based, harmonised framework for risk assessments, supervision, CDD, sanctions, and information sharing

The EBA formally recommends to the European Commission core design features for the forthcoming EU AML/CFT framework and the establishment of the new Anti-Money Laundering Authority. Its submission emphasises proportionate, risk-based supervision and robust cooperation mechanisms to ensure the regime’s effective and timely implementation…