The Autorité des Marchés Financiers (AMF) has announced that financial entities, including crypto-asset service providers, are invited to contribute to the European Banking Authority’s (EBA) consultation on draft anti-money laundering and countering the financing of terrorism (AML/CFT) regulatory technical standards. This announcement was made in a press release dated March 18, 2025.
According to the press release, the EBA has initiated a consultation on draft regulatory technical standards for AML/CFT. These drafts were developed following a request from the European Commission and aim to standardize AML/CFT supervision across the European Union. The consultation is open until June 6, 2025, and will inform the work of the newly established Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA), which will finalize and submit these standards for approval.
One of the draft regulatory technical standards focuses on risk assessment. It outlines how supervisory authorities should evaluate money laundering and terrorist financing risks associated with financial entities. The framework sets criteria for classifying risk levels and guidelines for reassessing these risks regularly. This applies to various financial institutions such as banks, investment firms, and crypto-asset service providers, ensuring that supervision is proportionate to identified risks.
Other draft standards address customer due diligence requirements and enforcement measures. The proposed customer due diligence framework specifies information that financial entities must collect to verify customer identities and assess business relationships. It also defines enhanced due diligence measures for high-risk customers, including politically exposed persons. Additionally, it establishes a methodology for imposing financial penalties and administrative sanctions on entities failing to comply with AML/CFT regulations.
The AMF is an independent public authority in France responsible for overseeing financial markets, market participants, and investment products. It ensures informed investors and orderly market operations while engaging in regulatory development at both European and international levels. Its focus areas include sustainable finance and digital economic impacts. The AMF operates through two main bodies: the board and the enforcement committee.
