🎧 In this episode of Alles Legal – Fintech-Recht kompakt, Dana Wondra from Payment & Banking speaks with Sebastian Glaab, Attorney-at-Law and Partner at Annerton, about how firms can prepare effectively for the upcoming EU AML Regulation. – Tune in now!
Getting AML-ready for 2027
A harmonised AML framework across Europe
The AML Regulation will fundamentally harmonise AML rules across the EU. While this creates consistency, it also requires firms to revisit and adapt their existing compliance frameworks.
Starting with a gap analysis
Firms should begin with a structured comparison between current practices and future requirements, particularly in KYC, beneficial ownership, existing customer remediation and governance.
KYC and customer remediation challenges
New identification requirements and updated approaches to beneficial ownership will drive change. Reviewing existing customers — especially high-risk ones — will require significant operational effort.
Governance and management responsibility
AML compliance must be properly resourced and supported at senior management level. Without clear ownership and commitment, implementation will be difficult.
Operational effectiveness over documentation
Supervisors expect systems that work in practice. Firms must ensure their monitoring, screening and control frameworks are robust and effective.
Technology as a regulatory expectation
Automation and real-time capabilities are becoming standard. Firms relying on manual processes risk falling behind.
AML and sanctions convergence
The increasing overlap between AML and sanctions compliance requires integrated control frameworks and more sophisticated screening approaches.
AMLA in Frankfurt
The new EU authority AMLA will play a central role in shaping supervision. Firms should ensure their systems are adaptable to future regulatory developments.
Conclusion
Early preparation is key. Firms that act now can turn regulatory requirements into an opportunity to strengthen their operations.
About This Podcast
Alles Legal – Fintech Law in Brief delivers weekly insights into legal and compliance topics in the banking and fintech sectors.
This podcast is a collaboration between Payment & Banking and PayTechLaw.
Each Wednesday, our experts explain current legal developments in a clear and concise way – no legalese, just the context you need. Since 2021, PayTechLaw authors and Annerton lawyers have been bringing legal depth to the mic without losing clarity.
Whether it’s PSD3, DORA or FiDA – we provide the background you need. In 20 minutes. Straight to the point.
