AMLA Finalizes Technical Standards for EU Anti-Money Laundering Framework

The European Union Authority for Anti-Money Laundering and Countering the Financing of Terrorism finalized three sets of Regulatory Technical Standards (RTS). These standards specify how obliged entities must apply anti-money laundering and countering the financing of terrorism (AML/CFT) requirements under the new EU framework. The final draft RTS have been submitted to the European Commission for adoption.

This represents a significant step in the rollout of the European Union’s recast AML/CFT regime. By translating high-level legislative requirements into granular, binding criteria, the standards aim to promote a more consistent application of AML/CFT requirements across the European Union and reduce regulatory fragmentation.