EBA GL 2021 16 – GLs on the characteristics of a risk-based approach

On 27 February 2023, the European Banking Authority (EBA) has published an updated version of the compliance table for its „Guidelines on the characteristics of a risk‐based approach to anti‐money laundering and terrorist financing supervision, and the steps to be taken when conducting supervision on a risk‐sensitive basis under Article 48(10) of Directive (EU) 2015/849 (amending the Joint Guidelines ESAs 2016 72)“.
To recall, these EBA Guidelines (EBA/GL/2021/16) were published in December 2021 and took effect three months after the publication in the EU official languages. The Guidelines build on the existing 4-step approach to the supervision and enhance the existing or introduce additional guidance on aspects that have been identified as causing the most challenges for competent authorities.
The present compliance table sets out which member states now comply or intend to comply with the guidelines and – in latter case – by which date such compliance is expected. The table also provides comments from member states who do not (intend to) comply as to the reasoning of the local regulators.
The revised version reveals that all jurisdictions except Denmark comply or intend to comply with the ESMA guidelines.