The consultation comes in response to a call for advice (CfA) from the European Commission and will inform the work of the new EU Anti-Money Laundering Authority (AMLA).
Key focus areas include:
➡️ Standards on the assessment and classification of residual and inherent risk for relevant institutions;
➡️ Standards on the risk assessment used to designate entities for direct supervision;
➡️ Standards focusing on customer due diligence (CDD); and
➡️ Standards on pecuniary sanctions, administrative measures, and penalty payments.
🗓️ Firms have until 6th June 2025 to respond using the designated channels.
AML/CTF/CPF
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