Cooperation and Information Exchange Between Competent Authorities Supervising Credit and Financial Institutions

New guidelines apply from January 10, 2020 for the cooperation and exchange of information between EU member states’ competent authorities for credit and financial institutions. This analysis provides a high-level overview of these new requirements.

On December 16, 2019, the European supervisory authorities (ESAs) published joint guidelines on cooperation and information exchange for the purpose of the 4th Anti-Money Laundering Directive (4th AMLD) (Directive (EU) 2015/849) between competent authorities supervising credit and financial institutions, titled “The AML/CFT Colleges Guidelines”.

Request a Free Trial

As a trusted source of regulatory intelligence for the global payments industry, we enable organisations to manage the growing volume and velocity of regulatory risk with confidence, empowering more informed and effective decision making, in an efficient and cost-effective way.

Take a Trial