AMLA — REGULATION (EU) 2024/1620 OF THE EUROPEAN PARLIAMENT AND OF…

AMLA — 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 (Text with EEA relevance)

regulation · European Union · 32024R1620

1092 provisions in 1241 nodes · cited by 8 instruments we hold · 3 provisions hand work to national law

Defined terms · All instruments · European Central Bank · Internet · Internet site · access to information · accounting · admissibility · artificial intelligence · branch

Table

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

(Text with EEA relevance)

Article 1 Establishment and scope of action

Article 2 Definitions

Article 3 Legal status

Article 6 Powers of the Authority

Article 7 Cooperation within the AML/CFT supervisory system

Subparagraph

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

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

Subparagraph

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

Subparagraph

Article 18 General investigations

Article 19 On-site inspections

Subparagraph

Article 20 Authorisation by a judicial authority

Subparagraph

Article 21 Administrative measures

Article 22 Pecuniary sanctions

Article 23 Periodic penalty payments

Article 24 Hearing of persons subject to proceedings

Subparagraph

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

Subparagraph

Article 27 Procedural rules for taking supervisory measures and imposing pecuniary sanctions and periodic penalty payments

Subparagraph

Article 28 Review by the Court of Justice of the European Union

Subparagraph

Article 29 Language arrangements in direct supervision

Subparagraph

Article 30 Assessments of the state of supervisory convergence

Subparagraph

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

Subparagraph

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

Article 39 Cooperation between the Authority and Financial Intelligence Units

Subparagraph

Article 40 Conduct of joint analyses

Subparagraph

Article 41 Reporting and transmission of the results of joint analyses

Subparagraph

Article 42 Requests by the Authority for the initiation of a joint analysis

Subparagraph

Article 43 Review of the methods and procedures for, and conduct of, joint analyses

Subparagraph

Article 44 National FIU delegates

Subparagraph

Article 45 Mutual assistance in the area of cooperation between FIUs

Article 46 Mediation between FIUs

Article 48 Peer review

Article 49 Regulatory technical standards

Subparagraph

Article 50 Exercise of the delegation

Subparagraph

Article 51 Objections to regulatory technical standards

Subparagraph

Article 52 Non-endorsement or amendment of draft regulatory technical standards

Subparagraph

Article 53 Implementing technical standards

Subparagraph

Article 54 Guidelines and recommendations

Subparagraph

Article 55 Opinions and technical advice

Subparagraph

Article 56 Administrative and management structure

Article 57 Composition of the General Board

Article 58 Delegation of tasks and decisions, and internal committees of the General Board

Subparagraph

Article 59 Independence of the General Board

Subparagraph

Article 60 Tasks of the General Board

Subparagraph

Article 61 Voting rules of the General Board

Subparagraph

Article 62 Meetings of the General Board

Subparagraph

Article 63 Composition and appointment of the Executive Board

Article 64 Tasks of the Executive Board

Article 65 Annual and multiannual programming

Subparagraph

Article 66 Voting rules of the Executive Board

Subparagraph

Article 67 Fundamental Rights Officer

Article 68 Appointment of the Chair of the Authority

Subparagraph

Article 69 Responsibilities of the Chair of the Authority

Subparagraph

Article 70 Appointment of the Executive Director

Subparagraph

Article 71 Tasks of the Executive Director

Article 72 Establishment and composition of the Administrative Board of Review

Subparagraph

Article 73 Members of the Administrative Board of Review

Subparagraph

Article 74 Decisions subject to review

Subparagraph

Article 75 Exclusion and objection

Article 77 Fees levied on selected and non-selected obliged entities

Article 78 Establishment of the budget

Subparagraph

Article 79 Implementation of the budget

Subparagraph

Article 80 Presentation of accounts and discharge

Subparagraph

Article 81 Financial rules

Subparagraph

Article 82 Anti-fraud measures

Subparagraph

Article 83 IT security

Subparagraph

Article 84 Accountability and reporting

Subparagraph

Article 85 General provision

Subparagraph

Article 86 Privileges and immunities

Subparagraph

Article 87 Staff of the Authority previously employed by the EBA

Subparagraph

Article 88 Obligation of professional secrecy

Subparagraph

Article 89 Security rules on the protection of classified and sensitive non-classified information

Subparagraph

Article 90 Reporting of breaches and protection of reporting persons

Article 91 Cooperation with the European Supervisory Authorities

Subparagraph

Article 92 Cooperation with non-AML/CFT authorities

Subparagraph

Article 93 Partnerships for information sharing in the field of AML/CFT

Subparagraph

Article 94 Cooperation with OLAF, Europol, Eurojust and the EPPO

Subparagraph

Article 95 Cooperation with third countries and international organisations

Subparagraph

Article 96 Access to documents

Article 97 General language arrangements

Subparagraph

Article 98 Data protection

Subparagraph

Article 99 Liability of the Authority

Subparagraph

Article 100 Delegated acts

Subparagraph

Article 101 Headquarters Agreement and operating conditions

Subparagraph

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

Subparagraph

Article 107 Commencement of the Authority’s activities

Article 108 Entry into force and application

Subparagraph

Note

ANNEX I

List of the coefficients linked to aggravating and mitigating factors for the application of Article 22

Subparagraph

II.

ANNEX II

List of directly applicable requirements referred to in Article 22(3)

Subparagraph