In July 2024, the new EU anti-money laundering and countering the financing of terrorism (AML/CFT) framework entered into force and the European Anti-Money Laundering Authority (AMLA) was formally established. This new framework broadens the scope of application to new entities, such as crypto-asset service providers and professional football clubs and agents. It also introduces new obligations — like a limit for cash payments and new reporting obligations for dealers in certain luxury goods — and optimizes and harmonizes current obligations.
The AMLA Office AML/CFT Regulatory Radar provides a comprehensive guide to the AML/CFT regulatory framework and presents an overview of the latest developments in the European Union, allowing financial institutions and other interested parties to stay abreast of the latest regulatory developments in this field. This latest version includes all relevant regulatory developments until 31 March 2025. New features include an outlook for the year 2025, further details on the role of AMLA and its interactions with other stakeholders within the new supervisory mechanism, and information on the recent EBA consultation on the first four regulatory technical standards in response to the European Commission’s Call for Advice.
For more information, download the publication below.
