C808 - AMLA Public Hearing regarding the draft RTSs under article 11(6) of Regulation (EU) 2024/1620
RegCanary analysis of a CySEC publication
Why it matters
RegCanary's analysis of what this means for regulated firms.
These RTS will establish a central AML/CFT database for supervisory authorities to report and retrieve information on obliged entities and supervisors. For compliance teams, this signals a move towards more centralized and data-driven AML/CFT supervision across the EU. The database will enable authorities to identify risks and trends more effectively, potentially leading to more targeted and intense scrutiny.
Firms should monitor the development of these RTS and consider participating in the public hearing to influence the final rules. Preparation may involve reviewing current AML/CFT reporting capabilities, data quality, and readiness to comply with future transmission requirements. While the immediate action is to note the hearing, firms should begin assessing their ability to provide accurate and timely data to supervisors, as this will become critical once the database is operational.
The timeline is not specified, but given the 2026 date, implementation may be a few years away. However, early engagement is advisable.
Who this affects
Sectors and firm types identified in the analysis.
- Financial Crime
Source
CySEC
Original publication, 13 October 2026
Read the original publication cysec.gov.cyThis is RegCanary's analysis, not the regulator's text. It summarises and interprets the publication above; it is not the CySEC's original wording, and it is not legal advice. Always rely on the original source.