On the 2nd of August 2021, the European Banking Authority (‘EBA’) issued a consultation paper on the new draft Guidelines on the role, tasks and responsibilities of anti-money laundering and countering the financing of terrorism (‘AML/CFT’) compliance officers.
Once published, the final version of these Guidelines will be binding and applicable to all financial sector operators that are within the scope of the AML Directive. Therefore, subject persons are naturally being urged to review the draft guidelines and submit their feedback. The consultation runs until the 2nd of November 2021, and thus any comments or feedback on the draft Guidelines may be sent directly to the EBA via the EBA’s consultation page.