The European Banking Authority published a report on the use of supervisory technology (SupTech) in anti-money laundering and countering the financing of terrorism (AML/CFT) supervision, taking stock of innovation by EU competent authorities and how it can support implementation of the new EU AML/CFT framework, including the creation of the Anti-Money Laundering and Countering the Financing of Terrorism Authority (AMLA). The report draws on a survey of national competent authorities and a workshop organised with the European Commission’s AMLA Task Force. It finds SupTech deployments are still evolving but increasingly operational, with 47% of identified tools or projects in production, 38% under development and 15% in exploratory phases. Reported benefits include improved data quality, enhanced collaboration and more efficient risk identification, while key challenges include limited resources, legal uncertainty and data governance constraints. Examples of effective practices span change management, data and technology, and supervisory and regulatory strategies aimed at enabling a more risk-based, data-driven and scalable supervisory model. The EBA will continue to support national competent authorities and AMLA in strengthening the use of technology and fostering innovation in AML/CFT supervision across the EU.
European Banking Authority 2025-08-12
European Banking Authority reports on SupTech adoption for EU AML and CFT supervision with 47% of tools in production
The European Banking Authority released a report on supervisory technology (SupTech) in AML/CFT supervision, highlighting its role in the new EU framework. It notes 47% of SupTech tools are operational, with benefits like improved data quality and risk identification, but challenges remain in resources and data governance. The EBA will continue supporting national authorities and the Anti-Money Laundering and Countering the Financing of Terrorism Authority in enhancing technology use.