Recital 16

(16) Since there are no sufficiently effective arrangements to handle AML/CFT incidents involving cross-border aspects, it is necessary to put in place an integrated AML/CFT supervisory system at Union level that ensures consistent high-quality application of the AML/CFT supervisory methodology and promotes efficient cooperation between all relevant competent authorities. For those reasons, the Authority and the national AML/CFT supervisory authorities should together constitute an AML/CFT supervisory system. The AML/CFT supervisory system should be based on mutual trust and cooperation in good faith, including exchanges of information and data related to supervision, in order to enable the Authority and supervisory authorities to carry out their tasks effectively. The AML/CFT supervisory system would benefit supervisory authorities when faced with specific challenges, for example vis-à-vis an enhanced ML/TF risk or due to a lack of resources, as within that system mutual assistance should be available on request. That mutual assistance could also involve exchange and secondments of personnel, training activities and exchanges of best practices. Furthermore, the Commission could provide technical support to Member States under Regulation (EU) 2021/240 of the European Parliament and of the Council (7) to promote reforms aimed at reinforcement of the fight against money laundering.

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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.