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EBA Releases 2024 Annual Report

30 May 2025

EBA Releases 2024 Annual Report

The European Banking Authority (EBA) released their 2024 annual report.

 

The report outlines the priorities, deliverables, and achievements of the EBA during 2024.

Key takeaways from the report include:

➡️ The EBA completed 93% of the tasks outlined in its 2024 programme of work;

➡️ Following the introduction of the Markets in Crypto-Assets Regulation in 2023, the EBA delivered 20 technical standards and guidelines in 2024, including guidelines on the ‘travel rule’;

➡️ In 2024, the EBA reviewed all 40 Competent Authorities’ (CAs) approach to tackling ML/TF and provided feedback for improvement;

➡️ By the end of 2024, the EBA central database on ML/TF risks (EuReCA) contained data on 2542 material weaknesses and corrective measures across 517 institutions; and

➡️ The EBA provided training to 350 individuals from CAs on assessing ML/TF risks, crypto, and EuReCA.

✅ Firms operating in the EU should review the report to support the identification of key EBA guidelines and initiatives that can facilitate the improvement of their AML/CTF frameworks.