AMLA today published the rules that set out its cooperation with national financial supervisors to select and directly supervise some of the most significant cross-border financial institutions in the EU. They cover how entities are selected, how supervision passes between national and EU level, and how AMLA and national supervisors work side by side.
Harmonised supervision across the EU
From 2028, AMLA will directly supervise some of the most impactful, cross-border financial institutions at group level. Until now, such supervision has rested entirely with national supervisors. The new standards ensure consistent and uninterrupted supervision as responsibility moves between national and EU-level.
Clear rules for selection and supervision
The standards set out a clear, step-by-step process for identifying which firms AMLA will supervise: national supervisors gather and quality-check the data, and AMLA carries out the risk assessment and makes the selection, with the results published on its website. When an entity moves to or from AMLA's supervision, the transferring authority hands over the firm's full supervisory history to the receiving authority, preventing disruptions.
Close cooperation with national supervisors
The standards were developed in close cooperation with national supervisors. They are designed for proportionality: entities are asked for detailed data only once they have been identified as eligible. Where supervisors can already establish that a firm does not qualify, it is exempted from reporting altogether. Once adopted by the European Commission, the standards will apply to the data collection and selection process leading up to the start of direct supervision in 2028.
Final Report - ITS under Article 15(3) AMLAR
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