MFSA Notification on EBA Consultation Regarding New AMLA Mandates

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Triq l-Imdina, Zone 1 Central Business District, Birkirkara CBD 1010 +356 2144 1155 communications@mfsa.mt www.mfsa.mt Send Your Feedback on EBA's Consultation on the New AMLA Mandates The Malta Financial Services Authority (MFSA) would like to notify Authorised Entities that the European Banking Authority (EBA) has issued a consultation paper on four draft Regulatory Technical Standards (RTS) that will be part of the EBA’s response to the European Commission’s Call for Advice of 12 March 2024. The Call for Advice covers four separate mandates which include:

• The mandate, under Article 40(2) of Directive (EU) 2024/1640 (6AMLD), to develop
  draft RTS on the assessment and classification of the inherent and residual risk profile of obliged entities and the frequency at which such profile must be reviewed.
• The mandate, under Article 12(7) of Regulation (EU) 2024/1620 (AMLAR), to
  develop draft RTS on the risk assessment for the purpose of selection for direct supervision.
• The mandate, under Article 28(1) of Regulation (EU) 2024/1624 (AMLR), to develop
  draft RTS on customer due diligence (CDD).
• The mandate, under Article 53(10) of AMLD6, to develop draft RTS on pecuniary
  sanctions, administrative measures and periodic penalty payments.
  These RTSs will be central to the EU’s new AML/CFT regime and will shape how institutions and supervisors will comply with their AML/CFT obligations under the new AML/CFT Package that was published in the Official Journal of the EU on 19 June 2024. The EBA is inviting interested parties to put forward any comments by filling in the online form on the EBA’s consultation page. The deadline for the submission of comments is the 6 June 2025. Additionally, the EBA will hold a virtual public hearing on the consultation paper on 10 April 2025 from 14:00-17:00. The EBA invites interested stakeholders to register through the following link by 8 April 2025 at 16:00. Further information, including the link to the Consultation Paper, may be found on the EBA’s website by clicking on the following link. 10 March 2025