Art. 43 Review of the methods and procedures for, and conduct of, joint analyses | Anti-money laundering authority regulation (AMLAR) | AML

This article establishes the quality assurance and continuous improvement framework for joint analyses conducted under Article 40.

It places the Authority at the centre of this process, requiring it to set up and maintain the methods and procedures governing how joint analyses are run, while also creating a feedback loop involving the participating FIUs to drive iterative improvements.

Important points:

The Authority is required to establish, periodically review, and update the methods and procedures for conducting joint analyses, including the methods and criteria from Article 40.
FIUs that participated in a joint analysis may provide feedback to the Authority on the process, tools, and outcomes, with any confidential feedback kept from other FIUs.
The Authority may issue a follow-up report based on that feedback or on its own initiative, sharing conclusions and recommendations with all FIUs, subject to confidentiality constraints.

1. The Authority shall establish methods and procedures for the conduct of joint analyses, periodically review them and update them where necessary. The requirement to review and update shall also apply to the methods and criteria referred to in Article 40(1).
1. FIUs that participated or were otherwise involved in a joint analysis may provide their feedback to the Authority on the conduct of the analysis, including feedback on the operational support provided by the Authority in the process of the joint analysis, as well as feedback on the outcome of the analysis, the methods and procedures in place pursuant to paragraph 1, the tools available and the coordination between the participating FIUs. Feedback that is labelled confidential shall not be shared with other FIUs.
1. On the basis of the feedback referred to in paragraph 2, or on its own initiative, the Authority may issue a follow-up report relating to the conduct of the joint analysis, including specific suggestions for adjustments regarding the methods and procedures for the conduct of the joint analysis, and conclusions on the outcome of the joint analysis. The follow-up report shall be shared with all FIUs, without disclosing confidential or restricted information on the case. The conclusions and recommendations relating to the conduct of the joint analysis shall be shared with all FIUs that participated in that joint analysis, and with all other FIUs insofar as those conclusions and recommendations do not contain confidential or restricted information.