On Thursday 6 May the European Banking Authority (EBA) launched a public consultation on its draft regulatory technical standards (RTS) establishing a central database on anti-money laundering and combating terrorist financing in the EU.
As part of its strengthened anti-money laundering mandate, granted by the revision of the European financial supervision architecture (see EUROPE 11864/1), the EBA is indeed required to establish and maintain a central database containing information on money laundering vulnerabilities identified by competent authorities and on the measures taken by the latter in response to these vulnerabilities.
“The AML/CFT central database will be a key tool in coordinating efforts to prevent and counter money laundering and terrorist financing in the EU”, the EBA said in a statement.
The draft RTS specifies, inter alia, the type of information collected, the way in which this information will be communicated to the EBA and the way in which the EBA will analyse and disseminate it.
The EBA has also carried out a data protection impact assessment and is awaiting the opinion of the European Data Protection Supervisor on its draft.
Interested parties have until 17 June to submit their comments to the EBA. See the consultation document: https://bit.ly/3esljrG (Original version in French by Marion Fontana)