EU AML Package

1. A new regulatory era for AML/CFT in Europe

A major regulatory shift at EU level

> The European Union’s new AML/CFT legislative package, adopted in May-June 2024, marks a decisive step towards a unified regulatory framework across Member States.

From fragmentation to harmonisation

> By addressing long-standing fragmentation and supervisory gaps, the package introduces a harmonised set of AML/CFT obligations, reducing national discretion and strengthening consistency across the EU.

A multi-year transformation

> The EU AML Package sets out a clear implementation roadmap, with the AMLR Single Rulebook applying from July 2027 and AMLA’s full supervisory powers taking effect in January 2028.

2. What sits behind the EU AML Package?

1. A Single AML Rulebook (AMLR)

Common AML/CFT requirements applied consistently across Member States.

2. Reinforced national implementation (AMLD6)

Clearer responsibilities, stronger cooperation and enhanced enforcement.

3. A new European supervisor (AMLA)

Driving supervisory convergence and directly overseeing selected high-risk institutions.

3. What does it really change for institutions?

• A single set of AML/CFT rules to ensure effectiveness and harmonisation across the EU.
• More convergent supervisory practices across Europe.
• Greater focus on the effective implementation of AML/CFT frameworks.
• Progressive implementation requiring forward-looking preparation.

4. How Forvis Mazars can help

Assessment & Gap Analysis: Comprehensive gap analysis of AML/CFT policies, procedures and control frameworks against EU AML Package requirements, enabling institutions to identify exposures and prioritise remediation.

Transition & Implementation Support: A pragmatic roadmap and delivery support to move from regulatory change to operational readiness across the phased EU timeline.

Governance & Control Framework Alignment: Align governance and control frameworks with increasingly consistent EU-wide expectations and evolving supervisory coordination.

Training & Awareness: Tailored training for management and key stakeholders to understand what changes under the EU AML Package and how to respond.

Ongoing Regulatory Advisory: Continuous regulatory watch and advisory to navigate evolving guidance and supervisory expectations as milestones are delivered.