Colleges on anti-money laundering and countering the financing of terrorism have become more effective but further progress is needed, the EBA finds

On 16/12/2024, the European Banking Authority (EBA) issued an update regarding Colleges on anti-money laundering and countering the financing of terrorism have become more effective but further progress is needed, the EBA finds. The report highlights two key areas where improvement is required: implementing a risk-based approach to college functioning and ensuring meaningful discussions on common approaches or joint actions are held.