The Authority for Anti-Money Laundering and Countering the Financing of Terrorism has published final draft regulatory technical standards establishing a common framework for cooperation between home and host supervisors of cross-border groups. Following its earlier consultation, the framework covers groups in the EU financial and non-financial sectors and is designed to support consistent, risk-based supervision where responsibilities are shared across member states. The standards clarify supervisory roles and day-to-day cooperation arrangements, including information exchange, cross-border inquiries and coordination of supervisory approaches. A simplified disclosure framework permits EU supervisors to share information onward without prior consent. Supervisors should check available data before making requests and proactively share relevant information on a risk-based basis. If adopted by the European Commission, the standards will apply directly and become legally binding across the EU.
Authority for Anti-Money Laundering and Countering the Financing of Terrorism finalizes standards for cross-border supervisory cooperation
The Authority for Anti-Money Laundering and Countering the Financing of Terrorism has finalized draft standards for cooperation between home and host supervisors of cross-border financial and non-financial groups. The framework clarifies supervisory roles and enables information sharing without prior consent, cross-border inquiries and coordinated supervision. The standards will become directly applicable and legally binding across the EU once adopted by the European Commission.