The EU’s Anti-Money Laundering Authority is seeking views on proposed rules for customer due diligence, business relationships and how breaches of anti-money laundering rules are addressed, aiming for consistent application across the EU. The consultation on sanctions and penalties runs until March 9, while feedback on customer due diligence and business relationships is open until May 8.
Press release follows. Consultation available here.
AMLA consults on key mandates for the private sector and harmonized supervision
Customer due diligence rules are a cornerstone in preventing money laundering and terrorist financing. AMLA is developing harmonized standards for the financial and non-financial sector while ensuring consistent application and enforcement across the EU. We invite stakeholders to shape these rules through public consultations on three draft Regulatory Technical Standards (RTS).
Uniform standards for the private sector
- The draft RTS on Business Relationships establish criteria for identifying business relationships, occasional transactions and linked transactions, which form the structural basis upon which customer due diligence obligations apply.
- The draft RTS on Customer Due Diligence build on the AML Regulation framework and set out how obliged entities verify customer identity and conduct ongoing monitoring in a risk-sensitive and proportionate way.
Consistent enforcement across the EU
- The draft RTS on Enforcement establish a common supervisory approach to assessing, categorising and responding to breaches of institutions’ AML/CFT obligations.
"With these instruments, we are making progress on some of our most important mandates. We are setting clear and proportionate rules for the private sector, while ensuring supervisors across the EU can enforce them consistently", said AMLA Chair Bruna Szego.
Capturing Stakeholder Views
AMLA welcomes responses from all stakeholders on the Business Relationships consultation. For the Customer Due Diligence and Enforcement consultations, we particularly welcome input from the non-financial sector, given their limited participation in the EBA consultations in early 2025.
Submissions in all official EU languages are welcome. An online Public Hearing on the draft RTS on Business Relationships and Customer Due Diligence is scheduled for 24 March 2026. Additional information on the Public Hearing will follow in due time.
Source: MLex / AMLA
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