RegAlert2023-11-27
Added
Final report on amending Guidelines on risk-based supervision
These guidelines amend the Risk-Based Supervision Guidelines to extend their scope to anti-money laundering and countering the financing of terrorism (AML/CFT) supervisors of crypto-asset service providers as defined in Regulation (EU) 2023/1114 (MiCAR). The amendments clarify definitions, specify sources of information for risk identification including advanced analytics and notifications of failing providers, and outline supervisory strategies requiring adequate technological resources and staff training. Competent authorities must apply these guidelines from 30 December 2024 and report compliance by the deadline set two months after the publication of translations.
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EBA/GL/2023/07
27.11.2023
Final Report
Guidelines amending Guidelines EBA/GL/2021/16 on the characteristics of a risk-based approach to anti‐money laundering and terrorist financing supervision, and the steps to be taken when conducting supervision on a risk‐sensitive basis under Article 48(10) of Directive (EU) 2015/849 (The Risk‐Based Supervision Guidelines)
FINAL REPORT ON AMENDING GUIDELINES ON THE RISK-BASED SUPERVISION UNDER ARTICLE 48(10) OF DIRECTIVE (EU) 2015/849 Contents
- Executive Summary 3
- Background and rationale 4
- Guidelines amending the Risk‐Based Supervision Guidelines 7
- Amendments 12
- Accompanying documents 20
5.1 Cost-benefit analysis / impact assessment 20
5.2 Views of the Banking Stakeholder Group (BSG) 23
5.3 Feedback on the public consultation and on the opinion of the BSG 26
5.4 Summary of responses to the consultation and the EBA’s analysis 28
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Source: European Banking Authority — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works