3rd August 2021

The Financial Intelligence Analysis Unit (FIAU) would like to bring to the attention of all subject persons the consultation paper which has been published by the European Banking Authority (EBA) containing draft Guidelines on the role, tasks and responsibilities of anti-money laundering and countering the financing of terrorism (AML/CFT) compliance officers.

The draft Guidelines seek to regulate the AML/CFT governance set-up at an EU level, setting expectations of the role, tasks, and responsibilities of the compliance officer and the management body of subject persons, and their interaction, including at group level.  More information on the draft Guidelines, including the consultation paper, may be found on the EBA’s website or by clicking the button below.

Once published, the final version of these Guidelines will be binding. Subject persons are therefore being encouraged to read the draft Guidelines and submit their feedback.

This consultation runs until 2 November 2021, and any comments or feedback to the draft Guidelines can be sent directly to the EBA by clicking on the “send your comments” button on the EBA’S consultation page.