The European Banking Authority (EBA) is seeking comment on new draft guidelines that set clear expectations regarding the appointment, role, tasks, and responsibilities of anti-money laundering and countering the financing of terrorism (AML/CFT) compliance officers.
The guidelines, published July 29, comprehensively address, for the first time at the EU level, the wider AML/CFT governance setup, the EBA stated. Once adopted, the guidelines would apply to all financial sector operators within the scope of the EU’s AML Directive.
