Art. 32 Guidelines on money laundering and terrorist financing risks, trends and methods | Anti-money laundering regulation (AMLR) | AML

This article tasks AMLA with producing guidelines on the money laundering and terrorist financing risks that stem from geographical areas outside the EU.

It sits within the broader enhanced due diligence framework of the regulation, complementing Article 34, which governs how obliged entities must respond to higher-risk situations.

The guidelines are not merely descriptive — where higher risks are identified, they must include enhanced due diligence measures for obliged entities to consider applying.

AMLA must draw on input from Union institutions, international organisations, and recognised standard setters when both issuing and updating the guidelines.

Important points:

AMLA is required to issue these guidelines by 10 July 2027 and review them at least every 2 years.
Where higher-risk geographical areas outside the EU are identified, consider applying the enhanced due diligence measures included in those guidelines.
AMLA must take into account evaluations and reports from Union institutions, international organisations, and relevant standard setters when producing and updating the guidelines.

1. By 10 July 2027, AMLA shall issue guidelines defining the money laundering and terrorist financing risks, trends and methods involving any geographical area outside the Union to which obliged entities are exposed. AMLA shall take into account, in particular, the risk factors listed in Annex III. Where situations of higher risk are identified, the guidelines shall include enhanced due diligence measures that obliged entities shall consider applying to mitigate such risks.
1. AMLA shall review the guidelines referred to in paragraph 1 at least every 2 years.
1. When issuing and reviewing the guidelines referred to in paragraph 1, AMLA shall take into account evaluations, assessments or reports of Union institutions, bodies, offices and agencies, international organisations and standard setters with competence in the field of preventing money laundering and combating terrorist financing.