AMLA Finalises Three Sets of Regulatory Technical Standards

Business Relationships and Occasional Transactions: How companies and professionals should tell the two apart and identify linked transactions, so that customer due diligence (CDD) thresholds can be applied consistently;

➡️ Customer Due Diligence: What information must be collected and verified, including simplified measures, PEP & RCA screening, and electronic identification; and

➡️ Group-Wide Arrangements: Minimum requirements for effective group-wide AML/CFT frameworks.

➡️ Next Steps: The final draft standards have been submitted to the European Commission and, once adopted and published in the Official Journal of the EU, are proposed to apply six months after entry into force, or from 10 July 2029 for football agents and professional football clubs.

✅ Entities operating in the EU, in particular those likely to be subject to direct AMLA supervision, should review the RTS and assess the impacts of the requirements on their control frameworks, identifying the key enhancements needed and delivering the necessary updates through their transformation programmes.

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