lexiara

Recital 90

AMLD6
DIRECTIVE (EU) 2024/1640 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL of 31 May 2024 on the mechanisms to be put in place by Member States for the prevention of the use of the financial system for the purposes of money laundering or terrorist financing, amending Directive(EU) 2019/1937, and amending and repealing Directive (EU) 2015/849 (Text with EEA relevance) · European Union

(90) Cooperation between national supervisors is essential to ensure a common supervisory approach across the Union. To be effective, that cooperation has to be used to the greatest extent possible and regardless of the respective nature or status of the supervisors. In addition to traditional cooperation — such as the ability to conduct investigations on behalf of a requesting supervisory authority — it is appropriate to mandate the set-up of AML/CFT supervisory colleges in the financial sector with respect to obliged entities that operate in several Member States through establishments and with respect to obliged entities which are part of a cross-border group. Third-country financial supervisors can be invited to those colleges under certain conditions, including confidentiality requirements equivalent to those incumbent on Union financial supervisors and compliance with Union law regarding the processing and transmission of personal data. The activities of AML/CFT supervisory colleges should be proportionate to the level of risk to which the credit institution or financial institution is exposed, and the scale of cross-border activity.

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Source: EUR-Lex CELLAR · retrieved 2026-09-04 · Text as adopted (Official Journal); later amendments are not incorporated in this text.