Consultation on the draft RTS on pecuniary sanctions, administrative measures and periodic penalty payments

AMLA’s open public consultations are open to all stakeholders with an interest in the EU’s anti‑money laundering and countering the financing of terrorism (AML/CFT) framework. We particularly welcome contributions from obliged entities, public authorities, self-regulatory bodies, international institutions and organisations, civil society organisations, consumer representatives, academia, and investigative journalists. 

These RTS specify indicators to classify the level of gravity of breaches, establish criteria to be taken into account when setting the level of pecuniary sanctions or applying administrative measures, and develop a methodology for the imposition of periodic penalty payments, including their frequency. It aims to ensure that the same breach is assessed in the same way by all supervisors in all Member States, and that the resulting enforcement measures are proportionate, effective and dissuasive.

The European Banking Authority (EBA) priorly consulted on a version of this proposed draft RTS and invited feedback from all stakeholders. AMLA is now conducting its own public consultation to ensure that the non-financial sector’s views are fully captured.

Data protection

AMLA ensures the protection of personal data while consulting citizens and stakeholders online. Further information can be found in the Record of Processing Activity and the Privacy Statement for this consultation. 

To respond to the consultation, please click on the link below.