This week's developments are dominated by the EU AML framework build-out. AMLA has issued its final report on implementing technical standards under AMLAR Article 15(3) (C796) and held a public hearing on draft regulatory technical standards under AMLD6 Article 46(4) (C778), both of which will shape binding obligations for all obliged entities. CySEC has also flagged ML/TF risks following the end of the MiCA transitional period (C790), directly relevant to firms with CASP exposure. Two further circulars cover a FATF report on stablecoins and unhosted wallets (C762) and a European Commission consultation on beneficial ownership information formats under Directive (EU) 2024/1640 (C738). No new sanctions designations or FATF list changes this week.
These implementing technical standards will define standardised AML/CFT reporting and data formats that all obliged entities will eventually be required to use; compliance officers should review the final report to understand the direction of travel and assess system readiness.
Firms with any CASP clients or crypto-adjacent exposure must update risk assessments and CDD procedures to reflect the post-transition risk environment; transitional leniencies are over and full MiCA/AML obligations now bite.
The draft RTS will govern supervisory cooperation and information exchange between AMLAs and FIUs across the EU; obliged entities should track this as it will affect cross-border group-level compliance and reporting workflows.
The implementing regulation will standardise how beneficial ownership data is submitted to central registers across the EU; firms handling company formation, TCSP work, and trust administration should review the draft and consider submitting feedback before the consultation closes.
Provides updated typologies and risk indicators for stablecoin transactions and unhosted wallet exposure that should be incorporated into transaction monitoring rules and crypto-client risk assessments.
Primary documents as published by the supervisors this week. The summary above is ours; the documents are theirs.
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AMLA — EU Anti-Money Laundering Authority, CySEC — AML/CFT circulars, Cyprus Bar Association — AML announcements, EBA — European Banking Authority, ESMA — European Securities and Markets Authority, European Commission — Sanctions (press), FATF — publications & news, ICPAC — AML circulars & alerts, MOKAS — Cyprus FIU, National Betting Authority — AML directives.
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