The European Banking Authority (EBA) has issued a new report outlining the findings on key challenges EU supervisors face in detecting and assessing ML/TF risks. The report says the reviews showed that national supervisors have started to adopt “meaningful reforms” to improve their AML/CFT supervision, however the EBA has found that significant challenges remain in areas such as the identification and assessment of ML/TF risks, both in their overall banking sectors and at individual banks.

https://www.eba.europa.eu/sites/default/documents/files/document_library/Publications/Reports/2022/1028593/Report%20on%20CAs%20approaches%20to%20AML%20CFT%20supervision.pdf

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