lexiara

Recital 98

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

(98) Cross-border groups need to have in place far-reaching group-wide policies and procedures. To ensure that cross-border operations are matched by adequate supervision, it is necessary to set out detailed supervisory rules, enabling supervisors of the home Member State and those of the host Member State to cooperate with each other to the greatest extent possible, regardless of their respective nature or status, and with AMLA to assess risks and monitor developments that could affect the various entities that form part of the group, coordinate supervisory action and settle disputes. Given its coordinating role, AMLA should be entrusted with the duty to develop the draft regulatory technical standards defining the detailed respective duties of the home and host supervisors of groups, and the arrangements for cooperation between them. The supervision of the effective implementation of group policy on AML/CFT should be done in accordance with the principles and methods of consolidated supervision as laid down in the relevant Union sectoral legal acts.

· All articles ·

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