Claudia Buch: AMLA and ECB Banking Supervision: strengthening cooperation
Why this matters
This regulatory update discusses the establishment of the European Anti-Money Laundering Authority (AMLA) and its impact on banking supervision, particularly in relation to money laundering and terrorist financing risks. It covers topics such as cooperation between AMLA and the ECB, integration of ML/TF risks in the supervisory process, the impact of digitalization, and the need for efficient and risk-based supervision. This is a high-priority update for banks, crypto firms, and the broader financial sector.
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What the ECB said
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Context
European Central Bank (ECB) — Central bank for the euro area. We track 131 updates from them.
EU-wide financial regulation through ESMA, EBA, and the ECB. Browse all European Union updates.
This update is classified under AML / Financial Crime, Prudential / Capital Requirements, Operational Resilience / Outsourcing and Banking & Credit.