European Banking Authority completes transfer of AML/CFT mandates to the Authority for Anti-Money Laundering and Countering the Financing of Terrorism

The European Banking Authority (EBA) announced that it and the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) completed the transfer of all anti-money laundering and countering the financing of terrorism (AML/CFT) mandates and functions from the EBA to AMLA with effect from 1 January 2026. The handover ends the EBA’s stand-alone AML/CFT mandate introduced in 2020 and implements the EU AML/CFT package that places AMLA at the centre of an integrated European AML/CFT supervisory system. The transition includes the transfer of key EBA tools and expertise, including the EuReCa database, supervisory insights and risk assessments. Existing EBA AML/CFT guidelines and standards remain in force until replaced by AMLA, while AMLA takes on responsibility for completing the EU Single Rulebook, advancing supervisory convergence, coordinating Financial Intelligence Units and directly supervising 40 of the EU’s most complex financial institutions or groups. The EBA will continue to address money laundering risks through prudential regulation, supported by a cooperation framework under a formal European Supervisory Authorities–AMLA Memorandum of Understanding covering information exchange, joint initiatives and engagement with the private sector.