Source: OJ L, 2024/1640, 19.6.2024Current language: EN
- Anti-money laundering
Basic legislative acts
- Sixth anti-money laundering (AML 6) directive
Article 44 General principles regarding supervisory cooperation
Summary What does Article 44 of the Sixth anti-money laundering (AML 6) directive say?
This brief but important article establishes a general duty of cooperation between supervisors.
It sits within the broader framework of supervisory coordination in the directive and acts as a foundational principle supporting more detailed cooperation mechanisms found in surrounding articles.
The article makes clear that supervisors must cooperate regardless of their nature or status, meaning differences in institutional type or national structure cannot be used as a reason to limit cooperation.
It also specifies that cooperation can take a practical form, including one supervisor conducting inquiries on behalf of another and sharing the results.
Important points:
- Member States are required to ensure supervisors cooperate with each other to the greatest extent possible.
- Cooperation explicitly extends to conducting inquiries on behalf of another supervisor and exchanging the information obtained.
- The obligation applies regardless of the respective nature or status of the supervisors involved.
Springlex's summary of the article, a reading aid, not a substitute for the legal text.
Member States shall ensure that supervisors cooperate with each other to the greatest extent possible, regardless of their respective nature or status. Such cooperation may include conducting, within the powers of the requested supervisor, inquiries on behalf of a requesting supervisor, and the subsequent exchange of the information obtained through such inquiries, or facilitating the conduct of such inquiries by the requesting supervisor.
Springlex and this text is meant purely as a documentation tool and has no legal effect. No liability is assumed for its content. The authentic version of this act is the one published in the Official Journal of the European Union.
Definition
supervisor