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AMLA Regulation

Regulation (EU) 2024/1620 of the European Parliament and of the Council of 31 May 2024 establishing the Authority for Anti-Money Laundering and Countering the Financing of Terrorism and amending Regulations (EU) No 1093/2010, (EU) No 1094/2010 and (EU) No 1095/2010
32024R1620 · official text on EUR-Lex

Articles

Chapter I ESTABLISHMENT, LEGAL STATUS AND DEFINITIONS

• Article 1 — Establishment and scope of action
• Article 2 — Definitions
• Article 3 — Legal status
• Article 4 — Seat

Chapter II TASKS AND POWERS OF THE AUTHORITY

Section 1 Tasks and powers

• Article 5 — Tasks
• Article 6 — Powers of the Authority

Section 2 AML/CFT supervisory system

• Article 7 — Cooperation within the AML/CFT supervisory system
• Article 8 — AML/CFT supervisory methodology
• Article 9 — Thematic reviews
• Article 10 — Mutual assistance in the AML/CFT supervisory system
• Article 11 — Central AML/CFT database

Section 3 Direct supervision of selected obliged entities

• Article 12 — Assessment of credit institutions and financial institutions for the purposes of selection for direct supervision
• Article 13 — The listing of selected obliged entities
• Article 14 — Additional transfer of direct supervision tasks and powers in exceptional circumstances upon the request of a financial supervisor
• Article 15 — Cooperation within the AML/CFT supervisory system for the purposes of direct supervision
• Article 16 — Joint supervisory teams
• Article 17 — Requests for information
• Article 18 — General investigations
• Article 19 — On-site inspections
• Article 20 — Authorisation by a judicial authority
• Article 21 — Administrative measures
• Article 22 — Pecuniary sanctions
• Article 23 — Periodic penalty payments
• Article 24 — Hearing of persons subject to proceedings
• Article 25 — Publication of administrative measures, pecuniary sanctions and periodic penalty payments
• Article 26 — Enforcement of pecuniary sanctions and periodic penalty payments and allocation of the amounts of those sanctions and payments
• Article 27 — Procedural rules for taking supervisory measures and imposing pecuniary sanctions and periodic penalty payments
• Article 28 — Review by the Court of Justice of the European Union
• Article 29 — Language arrangements in direct supervision

Section 4 Indirect supervision of non-selected obliged entities

• Article 30 — Assessments of the state of supervisory convergence
• Article 31 — Coordination and facilitation of the work of the AML/CFT supervisory colleges in the financial sector
• Article 32 — Requests to act in exceptional circumstances following indications of serious, repeated or systematic breaches
• Article 33 — Settlement of disagreements between financial supervisors in cross-border situations
• Article 34 — Action in cases of systematic failures of supervision

Section 5 Oversight of the non-financial sector

• Article 35 — Peer reviews
• Article 36 — Coordination and facilitation of the work of AML/CFT supervisory colleges in the non-financial sector
• Article 37 — Warnings of breaches of Union law by non-financial supervisors and public authorities overseeing self-regulatory bodies
• Article 38 — Settlement of disagreements between non-financial supervisors in cross-border situations

Section 6 Support and coordination mechanism for FIUs

• Article 39 — Cooperation between the Authority and Financial Intelligence Units
• Article 40 — Conduct of joint analyses
• Article 41 — Reporting and transmission of the results of joint analyses
• Article 42 — Requests by the Authority for the initiation of a joint analysis
• Article 43 — Review of the methods and procedures for, and conduct of, joint analyses
• Article 44 — National FIU delegates
• Article 45 — Mutual assistance in the area of cooperation between FIUs
• Article 46 — Mediation between FIUs
• Article 47 — FIU.net
• Article 48 — Peer review

Section 7 Common instruments

• Article 49 — Regulatory technical standards
• Article 50 — Exercise of the delegation
• Article 51 — Objections to regulatory technical standards
• Article 52 — Non-endorsement or amendment of draft regulatory technical standards
• Article 53 — Implementing technical standards
• Article 54 — Guidelines and recommendations
• Article 55 — Opinions and technical advice

Chapter III ORGANISATION OF THE AUTHORITY

• Article 56 — Administrative and management structure

Section 1 General board

• Article 57 — Composition of the General Board
• Article 58 — Delegation of tasks and decisions, and internal committees of the General Board
• Article 59 — Independence of the General Board
• Article 60 — Tasks of the General Board
• Article 61 — Voting rules of the General Board
• Article 62 — Meetings of the General Board

Section 2 Executive board

• Article 63 — Composition and appointment of the Executive Board
• Article 64 — Tasks of the Executive Board
• Article 65 — Annual and multiannual programming
• Article 66 — Voting rules of the Executive Board
• Article 67 — Fundamental Rights Officer

Section 3 The Chair of the Authority

• Article 68 — Appointment of the Chair of the Authority
• Article 69 — Responsibilities of the Chair of the Authority

Section 4 The Executive Director

• Article 70 — Appointment of the Executive Director
• Article 71 — Tasks of the Executive Director

Section 5 Administrative Board of Review

• Article 72 — Establishment and composition of the Administrative Board of Review
• Article 73 — Members of the Administrative Board of Review
• Article 74 — Decisions subject to review
• Article 75 — Exclusion and objection

Chapter IV FINANCIAL PROVISIONS

• Article 76 — Budget
• Article 77 — Fees levied on selected and non-selected obliged entities
• Article 78 — Establishment of the budget
• Article 79 — Implementation of the budget
• Article 80 — Presentation of accounts and discharge
• Article 81 — Financial rules
• Article 82 — Anti-fraud measures
• Article 83 — IT security
• Article 84 — Accountability and reporting

Chapter V STAFF AND COOPERATION

Section 1 Staff

• Article 85 — General provision
• Article 86 — Privileges and immunities
• Article 87 — Staff of the Authority previously employed by the EBA
• Article 88 — Obligation of professional secrecy
• Article 89 — Security rules on the protection of classified and sensitive non-classified information
• Article 90 — Reporting of breaches and protection of reporting persons

Section 2 Cooperation

• Article 91 — Cooperation with the European Supervisory Authorities
• Article 92 — Cooperation with non-AML/CFT authorities
• Article 93 — Partnerships for information sharing in the field of AML/CFT
• Article 94 — Cooperation with OLAF, Europol, Eurojust and the EPPO
• Article 95 — Cooperation with third countries and international organisations

Chapter VI GENERAL AND FINAL PROVISIONS

• Article 96 — Access to documents
• Article 97 — General language arrangements
• Article 98 — Data protection
• Article 99 — Liability of the Authority
• Article 100 — Delegated acts
• Article 101 — Headquarters Agreement and operating conditions
• Article 102 — Evaluation and review
• Article 103 — Amendments to Regulation (EU) No 1093/2010
• Article 104 — Amendments to Regulation (EU) No 1094/2010
• Article 105 — Amendments to Regulation (EU) No 1095/2010
• Article 106 — Transitional arrangements
• Article 107 — Commencement of the Authority’s activities
• Article 108 — Entry into force and application