AMLA Hub

The AMLA shall develop draft RTSs specifying:

• the procedure, formats and timelines for transmission of information pursuant to Articles 11(2) and (3) of the AMLA Regulation;
• the scope and level of detail of the information to be transmitted, taking into account relevant distinctions between obliged entities, such as their risk profile;
• the scope and level of detail of the information to be transmitted in relation to obliged entities in the non-financial sector;
• the type of information the disclosure of which by the AMLA, in response to a reasoned request or at its own initiative, requires prior consent of the supervisory authority that originated it;
• which level of materiality a breach needs to have for supervisory authority to be obliged to transmit information on the breach pursuant to Article 11(2)(c) of the AMLA Regulation;
• the conditions under which the AMLA may request additional information pursuant to Article 11(3) of the AMLA Regulation;
• the types of additional information to be transmitted to the AMLA pursuant to Article 11(3) of the AMLA Regulation.

The AMLA shall develop draft RTSs specifying:

• the minimum activities to be carried out by a credit institution or financial institution under freedom to provide services, whether through infrastructure or remotely, for it to be considered as operating in a member state other than the member state where it is established;
• the methodology based on benchmarks referred to in Article 12(5) and (6) of the AMLA Regulation for classifying the inherent and residual risk profiles of credit institutions or financial institutions, or groups of credit institutions or financial institutions, as low, medium, substantial or high.

The AMLA shall develop ITSs specifying:

• the conditions under which financial supervisors are to assist the AMLA under Article 15(2) of the AMLA Regulation;
• the process of periodic assessment referred to in Article 12(1) of the AMLA Regulation, including the roles of the supervisory authorities and the AMLA in assessing the risk profile of credit institutions and financial institutions referred to in that Article;
• the working arrangements for the transfer of supervisory tasks and powers to the AMLA or from the AMLA to national level following a selection process, including arrangements on the continuity of pending supervisory procedures or investigations;
• the procedures for the preparation and adoption of decisions on the selection of obliged entities;
• the detailed rules and arrangements for the composition and functioning of the joint supervisory teams referred to in Articles 16(1) and (2) of the AMLA Regulation.

The Commission shall adopt delegated acts setting out further rules of procedure for the exercise of the power to impose pecuniary sanctions or periodic penalty payments, including:

• provisions on rights of defence;
• temporal provisions;
• the collection of pecuniary sanctions or periodic penalty payments; and
• detailed rules on the limitation periods for the imposition and enforcement of penalties.

The AMLA shall, in consultation with the European Public Prosecutor's Office (EPPO), develop draft ITSs to specify the format to be used by the AMLA for the reporting of information to the EPPO.