AMLA · THE NEW EUROPEAN SYSTEM
AMLA will support convergence in AML/CFT supervision, strengthen FIU cooperation and directly supervise a selected group of high-risk cross-border financial entities.
SUPERVISION · 1 OCTOBER 2026
AMLA has also finalised the draft RTS on cooperation between home and host supervisors of cross-border groups. The framework covers information exchange, cross-border inquiries and coordinated supervisory approaches across financial and non-financial sectors. It is a supervisory instrument rather than a new direct obligation for firms, but it reinforces a practical point for cross-border groups: governance, risk information and evidence should remain coherent across jurisdictions.
CONSULTATION STATUS · TARGETED CHECK 18 OCTOBER 2026
On 1 October AMLA finalised three key draft RTS for the private sector: business relationships and occasional/linked transactions, customer due diligence, and group-wide requirements. The texts have been submitted to the European Commission and should not be presented as rules that are already finally applicable.
The AMLA pages consulted on 18 October mark the ongoing-monitoring (3 September), non-financial risk (27 September) and cross-border FIU-exchange (6 October) consultations as closed, with results to follow. Closure does not mean publication of a final text; the FIU draft imposes no direct obligations on private firms.
For professionals and businesses: the useful step now is to map CDD, customer updating, monitoring, occasional transactions and governance against the emerging framework, clearly separating what is already defined from what is still under development.
1 OCTOBER 2026 · SINGLE RULEBOOK
AMLA has finalised three draft RTS and submitted them to the European Commission. They are not yet finally applicable rules: following adoption and publication in the Official Journal, AMLA proposes application six months after entry into force.
Common criteria distinguish ongoing relationships from occasional transactions and identify linked transactions so CDD thresholds can be applied consistently.
The final draft covers proportionality in lower-risk situations, non-face-to-face verification, electronic identification and screening of PEPs, family members and close associates.
Minimum requirements address governance, risk management, internal controls and secure information sharing, including subsidiaries and branches in third countries.
HOW IT WILL WORK
AMLA will not automatically replace national supervisors or FIUs and will not directly supervise every obliged entity.
Joint Supervisory Teams led by AMLA will supervise selected cross-border financial entities using harmonised risk criteria.
AMLA will promote convergence, common methodologies and coordination across financial and non-financial sectors.
The Authority will support controlled information exchange, joint analysis and FIU.net development without replacing national FIUs.
THE 40 ENTITIES
AMLA’s 12 May release expected the provisional eligibility list to be finalised by end-September 2026. The sources consulted here do not confirm its outcome: eligibility is not selection of the 40. The first selection cycle is scheduled for 2027 and direct supervision from 2028.
WIDER MARKET EFFECT
The broader change arises from the interaction of AMLA, AMLR and national supervision: methods, expectations and evidence should become progressively more comparable.
Large cross-border groups may enter direct supervision. Others will continue primarily with national authorities in a more coordinated system.
The effect will be mainly indirect: supervisory convergence, technical standards and more uniform application of European rules.
Requests concerning beneficial ownership, source of funds, purpose and geographies may become more structured throughout the financial chain.
ITALY · UIF DATA
UIF attributes much of the increase in non-financial reporting to these sectors. It is a concrete signal to strengthen awareness, risk assessment and control quality.
Explore the gold and precious-metals routeSource: UIF, Statistics on suspicious transaction reports, first half 2026. Total value reported: approximately €61 billion.
A practical route for firms, non-financial sectors and regulated operators.
SOURCES AND STATUS
AMLA’s 1 October final drafts remain distinct from adopted and applicable rules. The targeted 18 October checks cover the consultation statuses above and the May eligibility release; they do not certify a full review of every source on this page.
