EU AMLA Supervisory Authority Regulation
European Union
2024
AML/CFT
Overview
The EU AMLA Supervisory Authority Regulation was adopted in 2023 as part of the European Union’s AML/CFT reform package. It establishes the Anti-Money Laundering Authority (AMLA) , a centralized EU supervisory body tasked with strengthening oversight, coordination, and enforcement of AML/CFT measures across member states.The regulation mandates AMLA to supervise high-risk financial institutions, harmonize supervisory practices, and coordinate national Financial Intelligence Units (FIUs). Headquartered in Frankfurt, AMLA is set to be operational by 2026 and will directly supervise selected banks, fintechs, crypto-asset service providers, and other cross-border entities deemed high-risk.
Key Obligations
- Establish AMLA as the lead supervisory body for cross-border AML/CFT enforcement
- Allow AMLA to conduct joint inspections and impose sanctions on supervised entities
- Require national authorities to cooperate and share information with AMLA
- Mandate AMLA to issue guidelines, technical standards, and risk assessments
- Create a harmonized EU rulebook for AML/CFT compliance and supervision
- Strengthen coordination among EU FIUs through a centralized support hub
FAQ
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