On 2 July 2026, AMLA held a public hearing on the guidelines on ongoing monitoring of a business relationship, an important milestone in developing the EU's new AML/CFT framework and the risk-based approach.
“The guidelines on ongoing monitoring of a business relationship constitute a key component of the AML framework,” said AMLA’s Executive Board Member Rikke-Louise Ørum Petersen who opened the session.
She emphasized the importance for AMLA to actively and openly engage with stakeholders. Continuing this dialogue is essential to achieving one of AMLA's most important objectives: a rulebook that is not only robust and risk-based, but clear and practical for the full range of entities covered across the European Union.
The event brought together over 1,200 stakeholders, including obliged entities from the financial and non-financial sectors and civil society organisations, to engage directly with AMLA’s team on the draft guidelines.
A strong turnout and an engaged audience
The session focused on the obligations relating to customer information updates and the monitoring of transactions and activities. The guidelines are intended to provide obliged entities with a practical framework for implementing these requirements across both the financial and non-financial sectors. AMLA emphasized that the principles of proportionality and the risk-based approach have been carefully embedded throughout the text. As horizontal guidelines, they are designed to apply to all obliged entities, regardless of size, from small firms to large institutions.
The strong turnout and high quality of the discussions reflected the significant interest in the guidelines currently under development. Participants contributed a wide range of questions, highlighting the diverse operational realities across sectors and offering valuable perspectives on how the guidelines could be made more clear and effective in their application.
AMLA would like to thank all participants for their time, engagement, and the quality of the questions submitted. Given the large number of attendees, it was not possible to address every question individually. Nevertheless, AMLA made every effort to ensure that the responses provided reflected the broad range of sectors and perspectives represented during the discussion.
The feedback received during the public hearing will complement the written submissions provided through the public consultation process and will play an important role in shaping the final guidelines.
Consultation remains open until 3 September 2026
The slides presented during the session are available for download:
Written submissions remain open until 3 September 2026, and AMLA strongly encourages all stakeholders, particularly from the non-financial sector, to contribute. Every submission helps ensure that the final standards are clear, consistent, and effective across the full range of obliged entities.
Submit your responses via the Public Consultations page.
AMLA looks forward to reviewing all contributions as work on the final standards progresses.