ECB and AMLA sign MoU on supervisory cooperation framework
The European Central Bank (ECB) and the European Anti-Money Laundering Authority (AMLA) have signed a Memorandum of Understanding (MoU), establishing their supervisory cooperation framework of financial institutions exposed to cross-border money laundering risks. The MoU, concluded as part of the new EU anti-money laundering package, fulfils the legal requirement under Article 92(3) of the AMLA Regulation and sets out protocols for information exchange and policy coordination between the two institutions. From January 2028, AMLA will directly supervise selected obliged entities, including payment institutions, cryptoasset service providers and certain banks that fall under the ECB’s prudential supervision. In addition, the three European Supervisory Authorities (the European Banking Authority (EPA), the European Insurance and Occupational Pensions Authority (EIOPA), and the European Securities and Markets Authority (ESMA)—ESAs), have signed a separate multilateral Memorandum of Understanding (MoU) with AMLA. This MoU aims to ensure effective cooperation and information exchange among the four institutions and to promote supervisory convergence across the EU’s financial sector.