Anti-Money Laundering and Countering the Financing of Terrorism

The EBA is required to ensure the integrity, transparency and orderly functioning of financial markets, strengthen supervisory cooperation and prevent regulatory arbitrage, among others. As part of this, the EBA takes steps to ensure that competent authorities and credit and financial institutions within its scope apply the provisions of European Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) legislation effectively and consistently.

The EBA discharges its functions in this field by:

  • Facilitating and fostering the co-operation of competent AML/CFT authorities across the EU;
  • Working closely with ESMA and EIOPA, through the Joint Committee, to promote the development of a common understanding, by competent authorities and credit and financial institutions, of what the risk-based approach to AML/CFT entails and how it should be applied;
  • Working with ESMA and EIOPA, through the Joint Committee, to deliver its mandates under Directive (EU) 2015/849 and Regulation (EU) 2015/847; and
  • Engaging in dialogue with its stakeholders and international standard-setters.

Opinions, Reports and other Publications