The European Supervisory Authorities, including the European Securities and Markets Authority, have concluded a multilateral Memorandum of Understanding with the European Union’s Authority for Anti-Money Laundering and Countering the Financing of Terrorism to support effective cooperation and information exchange between the four institutions. The MoU sets out how AMLA and the ESAs will exchange information and cooperate in practice to carry out their respective tasks in an efficient, effective and timely manner. It is intended to promote supervisory convergence across the EU financial sector, enable the exchange of necessary information, and support cross-sectoral learning and capacity building among supervisors. The arrangement forms part of the broader cooperation framework AMLA is required to establish for the financial sector, alongside its role in directly supervising the EU’s highest-risk financial institutions with significant cross-border exposure, conducting indirect supervision across the financial and non-financial sectors, coordinating Financial Intelligence Units, and developing technical standards and guidelines.