The report focuses on assessing their role in strengthening cross-border supervision and information sharing.
Key findings include:
➡️ Information Sharing: AML/CFT colleges remain effective tools for exchanging supervisory information, improving the overall effectiveness of AML/CFT supervision across the EU.
➡️ Risk-Based Approach: Some supervisors have not fully adapted college operations to reflect the level of ML/TF risk, resulting in limited resource allocation to high-risk or strategic colleges.
➡️ Common Approach: Many colleges still lack structured discussions to identify shared ML/TF risks and coordinate joint actions, limiting their collective impact.
✅ Firms should track how the Anti-Money Laundering Authority (AMLA) applies the EBA’s findings, as evolving supervisory expectations and cross-border coordination impact group-level AML/CFT governance and regulatory engagement.
💡Plenitude’s Advisory & Transformation Service provides Business-Wide Risk Assessments (BWRAs), supporting clients to assess their inherent and residual financial crime risks across multiple jurisdictions.
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