European Union’s Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) held its first public hearing as part of its work on two draft Regulatory Technical Standards intended to support the EU’s new AML/CFT framework and Single Rulebook. The drafts address how obliged entities identify business relationships and certain transactions for customer checks, and what information and documentation they should collect for customer due diligence. The hearing on 24 March 2026 drew more than 1,600 stakeholders from financial and non-financial obliged entities and civil society. The morning session focused on criteria for identifying business relationships, occasional transactions and linked transactions, where linked transactions are intended to prevent circumvention of customer checks through transaction splitting. The afternoon session covered standard, simplified and enhanced customer due diligence, including the information and documents to be collected, and AMLA published the slides used in both sessions. Written consultations on both draft standards remain open until 8 May 2026, and AMLA will use the hearing input alongside written submissions in shaping the final standards.
Authority for Anti-Money Laundering and Countering the Financing of Terrorism 2026-03-26
European Union’s Authority for Anti-Money Laundering and Countering the Financing of Terrorism concludes first public hearing on draft technical standards for customer due diligence and transaction linkage
The European Union's Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) conducted its first public hearing on two draft Regulatory Technical Standards to support the EU's new AML/CFT framework. The hearing addressed criteria for identifying business relationships and transactions, as well as customer due diligence requirements. Input from the hearing and ongoing written consultations will inform the final standards.