The European Banking Authority (“EBA”) has published its third report on the functioning of anti-money laundering and countering the financing of terrorism colleges in 2022.

The report focuses on AML/CFT colleges: permanent structures that serve to enhance cooperation between different supervisors involved in the supervision of cross-border institution.

The report covers:

  • The EBA’s role in AML/CFT colleges;
  • Progress made in improving the functioning of AML/CFT colleges; and
  • Further improving the functioning of AML/CFT colleges in the future.

Competent authorities can read the report to identify the good practices which can be adopted to overcome challenges and further improve the effectiveness of AML/CFT colleges.

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