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.

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