In a public hearing linked to its consultation on draft standards, the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) said it will address two mandates through a single regulatory instrument, creating one framework for obliged entities operating within a group and for those with branches or subsidiaries in third countries. One part of the draft focuses on implementing group-wide policies, procedures and controls, while the other is intended to ensure equivalent standards are maintained in third-country jurisdictions, including where legal impediments arise. More than 650 participants from trade associations, obliged entities, academia and civil society joined the hearing and raised questions reflecting different sectoral operating models. The consultation remains open until 15 June 2026, with AMLA encouraging further input, particularly from the non-financial sector.
Authority for Anti-Money Laundering and Countering the Financing of Terrorism2026-05-22
Authority for Anti-Money Laundering and Countering the Financing of Terrorism combines group-wide and third-country AML mandates in one draft instrument
The Authority for Anti-Money Laundering and Countering the Financing of Terrorism will use a single regulatory instrument to set one framework for obliged entities operating within a group and for those with branches or subsidiaries in third countries. The draft standards address group-wide policies, procedures and controls and seek to ensure equivalent standards in third-country jurisdictions, including where legal impediments arise, with over 650 stakeholders joining a related public hearing.