Anti-Money Laundering and Countering the Financing of Terrorism

The EBA is required to ensure the integrity, transparency and orderly functioning of financial markets. As part of this mandate , the EBA works to prevent the use of the financial system for the purposes of money laundering and terrorist financing (ML/TF).

The EBA discharges its functions in this field by:

  • leading the development of AML/CFT policy and supporting its effective implementation by competent authorities and financial institutions across the EU to foster an effective risk-based approach to AML/CFT with consistent outcomes;
  • coordinating across the EU and beyond by fostering effective cooperation and information exchange between all relevant authorities in a way that supports the development of a common understanding of ML/TF risks, strengthens risk-based AML/CFT supervision, ensures that emerging risks are dealt with promptly across the single market and ensures effective oversight of cross border financial institutions; and
  • monitoring the implementation of EU AML/CFT policies and standards to identify vulnerabilities in competent authorities’ approaches to AML/CFT supervision and to take steps to mitigate them before ML/TF risks materialise.

The Factsheet on the EBA’s new role in AML/CFT provides an overview of our approach. The EBA also launched a Newsletter with the latest activities on AML/CFT.

Opinions, Reports and other Publications