EBA consults on AML compliance officers

EBA is consulting on new guidelines on the role, tasks and responsibilities of AML/CFT compliance officers within supervised entities. The guidelines also consider the wider governance set up, including at group level. The guidelines state that the officer must have a sufficient level of seniority, including the power to propose all necessary or appropriate measures for the firm to take, and also set out the tasks and role that the relevant member of the management board should undertake.

EBA asks for comment by 2 November 2021.