{"id":581193,"date":"2025-11-19T21:24:19","date_gmt":"2025-11-19T21:24:19","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/581193\/"},"modified":"2025-11-19T21:24:19","modified_gmt":"2025-11-19T21:24:19","slug":"news-simplified-aml-rules-will-streamline-eu-data-sharing-compliance-council-hears","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/581193\/","title":{"rendered":"NEWS: \u2018Simplified\u2019 AML rules will streamline EU data-sharing, \u2018Compliance Council\u2019 hears"},"content":{"rendered":"<p>By PAUL O\u2019DONOGHUE, Senior Correspondent<\/p>\n<p class=\"has-drop-cap\"><strong>SIMPLIFYING AML rules across the EU will help institutions to share data to combat financial crime, according to a senior European Commission figure.<\/strong><\/p>\n<p>Claude Bocqueraz is Deputy Head of the Financial Crime Unit at the European Commission\u2019s DG-FISMA, said the move will be spearheaded by AMLA, the EU\u2019s new Anti-Money Laundering Authority.<\/p>\n<p>\u201cFor years, one of the biggest bottlenecks in the AML system has been the difficulty of exchanging data and information,\u201d she said.<\/p>\n<p>[The] new EU AML package has taken significant steps to enhance cooperation and information sharing at all levels. [It] introduces a legal basis for public private information sharing partnership. AMLA\u2019s coordination role will also be critical here. Because Anna will set safeguards to ensure that protection and facilitate collaboration. AMLA will help foster a more intelligent use of information.\u201d<\/p>\n<p>Bocqueraz spoke at a roundtable meeting of the AML Intelligence \u2018Compliance Council\u2019 in the European Parliament.<\/p>\n<p>The event also featured:<\/p>\n<ul class=\"wp-block-list\">\n<li>Regina Doherty MEP, on the EU\u2019s efforts to fight fraud<\/li>\n<li>Isabel Benjumea Benjumea MEP on challenges to fighting FinCrime<\/li>\n<li>Julien Jardelot , DT4C Alliance Member, Head of Government Relations, LSEG<\/li>\n<li>Gonzalo Perez del Arco Angelino, Vice President, Government Affairs, American Express<\/li>\n<\/ul>\n<p>Bocqueraz also said that simplifying AML rules will ensure that private companies can operate more easily across the EU. Currently, different EU regulators in various countries apply different standards, which can often differ greatly.<\/p>\n<p>Bocqueraz said simplifying AML rules will ensure that there is a standard EU approach to AMLoversight.<\/p>\n<p>\u201cSimplification requires building supervisory capacity, especially in the non-financial sector, where practices and resources still vary widely,\u201d she said.<\/p>\n<p>\u201cAMLA\u2019s future work will be mapping supervisory practices resources, conducting peer reviews and delivering targeted training. [This] which will help ensure that all [EU] supervisors apply the same principle to the same standard.\u201d<\/p>\n<p>She added: \u201c This will also reduce fragmentation with closed compliance gaps in the non financial sector. And make it easier for both supervisors and [obliged] entities to understand what is expected from them.\u201d<\/p>\n<p><img decoding=\"async\" src=\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/11\/phone-tablet-desktop.png\" alt=\"AML Intelligence\"\/>We hope you enjoyed reading this article<\/p>\n<p class=\"amlpmp-content-message__description\">If you would like unlimited access to AML Intelligence premium articles, newsletter delivered twice a week, access to our Global Bank Fines and Penalties database, free access to Boardroom Series events and much more, select one of our subscription options and become a subscriber!<\/p>\n<p><a class=\"amlpmp-content-message__button amlpmp-content-message__button--primary\" href=\"https:\/\/www.amlintelligence.com\/membership-account\/membership-levels\" target=\"_blank\" rel=\"noopener\">View subscription options<\/a><a class=\"amlpmp-content-message__button amlpmp-content-message__button--transparent\" href=\"https:\/\/www.amlintelligence.com\/login\" target=\"_blank\" rel=\"noopener\">If you have an account, log in<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"By PAUL O\u2019DONOGHUE, Senior Correspondent SIMPLIFYING AML rules across the EU will help institutions to share data to&hellip;\n","protected":false},"author":2,"featured_media":581194,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5174],"tags":[19633,183707,2000,299,5187],"class_list":{"0":"post-581193","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eu","8":"tag-compliance","9":"tag-compliance-council","10":"tag-eu","11":"tag-europe","12":"tag-european"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115578476225904331","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/581193","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=581193"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/581193\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/581194"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=581193"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=581193"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=581193"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}