The Authority for Anti-Money Laundering and Countering the Financing of Terrorism held a public hearing on its draft guidelines on ongoing monitoring of a business relationship, as part of the European Union’s new anti-money laundering and countering the financing of terrorism framework. The draft guidelines are intended to give obliged entities a practical framework for updating customer information and monitoring transactions and activities across both financial and non-financial sectors. They are designed as horizontal guidelines for all obliged entities, regardless of size, and embed proportionality and a risk-based approach throughout. More than 1,200 stakeholders, including obliged entities and civil society organisations, took part in the session and engaged directly with AMLA’s team on the draft text. The discussion highlighted the different operational realities across sectors and produced feedback on how the guidelines could be made clearer and more effective in practice. That feedback will be combined with written consultation responses in shaping the final guidelines. The written consultation remains open until 3 September 2026. AMLA particularly encouraged further input from the non-financial sector as work on the final standards continues.
Authority for Anti-Money Laundering and Countering the Financing of Terrorism2026-07-02
Authority for Anti-Money Laundering and Countering the Financing of Terrorism holds public hearing on draft ongoing monitoring guidelines with consultation open until 3 September 2026
The Authority for Anti-Money Laundering and Countering the Financing of Terrorism held a public hearing on draft guidelines for ongoing monitoring of business relationships under the European Union’s new AML/CFT framework. The guidelines cover customer information updates and transaction and activity monitoring for all obliged entities across financial and non-financial sectors, using proportionality and a risk-based approach. Written consultation responses remain open until 3 September 2026.