AMLA will launch a data collection exercise to test and calibrate its risk assessment models. These models serve two purposes: to inform the selection, taking place in 2027, of up to 40 entities for AMLA’s direct supervision starting in 2028, and to ensure that money laundering risks of financial institutions are assessed consistently by supervisors across the EU.
The exercise, set to start in March, is being conducted in close cooperation with national supervisors and the private sector. It represents a preparatory step towards AMLA’s direct supervision. The data collection will involve two groups of financial institutions: those that may be eligible for AMLA’s direct supervision, and a representative sample of entities likely to remain under national supervision. National supervisors have provided AMLA with lists of both groups, and AMLA has notified them of those selected to participate in this exercise.
Private sector participation
High-quality data from the private sector is essential to building a reliable selection model and developing a common EU-wide risk assessment methodology. The exercise will allow participating financial institutions to test and prepare their systems for future data collections, while AMLA will use the insights gained to optimise the data collection planned in view of the selection process for direct supervision.
“By testing and validating our models, we are taking the next steps towards effective and harmonised risk assessments across the EU”, AMLA Chair Bruna Szego said. “We count on the participation of the private sector in order to ensure that the final models are robust and reliable.”
Next steps
Once the models have been fully tested and calibrated, AMLA will establish the final list of entities eligible for direct supervision. National supervisors will then collect data points from the identified eligible entities in early 2027, which will inform AMLA’s subsequent selection of the 40 directly supervised entities.
For more information on the selection process in view of direct supervision, see the Explainer.
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Download the PDF version of the press release here.