By PAUL O’DONOGHUE, Senior Correspondent
THE EU’s AML Authority (AMLA) has launched public consultations covering how financial institutions should implement risk assessments and compliance standards.
The consultations cover:
- Draft Guidelines on business-wide risk assessments
- Draft RTS (Regulatory Technical Standards) covering group-wide minimum requirements (including additional measures for subsidiaries and branches in third countries)
Regarding the first consultation, the watchdog said: “Obliged entities have an obligation to identify risk of money laundering or terrorist financing.
“A business-wide risk assessment is key for determining the entity’s risk exposure and ensuring it has adequate AML/CFT controls.”
“The draft Guidelines [will] set out minimum expectations for all obliged entities. They support entities in making informed, risk-based decisions on how to manage their specific risk exposure.”
Regarding the second consultation, AMLA said: “The draft RTS contains the minimum standards for group-wide AML/CFT frameworks. [This includes] in cross-border situations and when obliged entities operate in third countries.
“These requirements aim to ensure that groups obtain a consolidated view of money laundering and terrorist financing risks across their entire organisations.”
AMLA said that two online public hearings will give those interested the opportunity to engage directly on the draft instruments:
- Draft RTS on group-wide requirements: 20 May 2026, 10:00–12:00 CET
- Draft Guidelines on business-wide risk assessment: 28 May 2026, 10:00–12:00 CET
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