By CARLO BOFFA, EU Correspondent
THE EU’s Anti-Money Laundering Authority today (Tuesday) released a reporting package for national supervisors to identify the 40 financial institutions that will fall under its direct oversight from 2028.
The package is a key preparatory step toward the first selection cycle, AMLA said. It consists of a standardised reporting template and an instructions note to help national supervisors and the private sector meet their requirements.
The provisional list of eligible institutions is expected to be finalised by end-September.
“The package published today sets out reporting instructions for national supervisors to use in order to identify which entities meet the criteria for inclusion in the selection for direct supervision, which will take place in 2027,” AMLA said.
To be eligible, institutions must operate in at least six EU member states.
For cross-border services, AMLA also set a materiality threshold: institutions must have more than 20,000 resident customers in the relevant member state, or generate more than €50 million in combined annual incoming and outgoing transactions from those customers.
The criteria apply at group level, with all figures measured against a reference date of 31 December 2025.
The package follows a data collection exercise to test and calibrate risk assessment models, which was finalised in April.
National authorities are responsible for organising data collection from entities under their supervision and will inform them of practical arrangements, AMLA said. It set August 15 as the deadline to conclude the exercise, after which an error correction and alignment phase will follow in coordination with home supervisors.
AMLA will host a public webinar on June 10 where it will walk participants through the template.
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