The guidelines outline the cooperative framework and information sharing protocols for prudential supervisors, anti-money laundering/counter-funding of terrorism (AML/CFT) supervisors, and financial intelligence units (FIUs). This consultation will be open until 27 August 2021.
Prudential supervisors, AML/CFT supervisors, and FIUs are expected to collaborate closely within their respective areas of expertise, providing each other with pertinent information necessary for their roles.
These guidelines establish the practical mechanisms for cooperation and information exchange among prudential supervisors, AML/CFT supervisors, and FIUs both at the national level and across the European Union’s single market.
Each authority has a unique role in combating money laundering/tax evasion. However, there are areas where their responsibilities overlap, making effective cooperation and information exchange crucial for identifying, addressing, and mitigating risks associated with these activities. Such collaboration is essential to maintain the financial soundness of institutions and ensure the stability of the financial system.
These guidelines build on the ESA’s AML/CFT Colleges Guidelines from 2019, which are integral to the European Banking Authority’s efforts to strengthen the connection between prudential and AML/CFT supervision.
