Source: OJ L, 2024/1624, 19.6.2024Current language: EN
- Anti-money laundering
Basic legislative acts
- Anti-money laundering regulation (AMLR)
Article 86 Committee procedure
Summary What does Article 86 of the Anti-money laundering regulation (AMLR) say?
This is a short procedural article that establishes the committee arrangement supporting the Commission in its work under this regulation.
It designates an existing committee — the Committee on the Prevention of Money Laundering and Terrorist Financing, already established under Regulation (EU) 2023/1113 — to assist the Commission, and confirms that this committee operates under the standard EU comitology rules set out in Regulation (EU) No 182/2011.
The reference to Article 5 of that regulation means the examination procedure applies, which is the standard mechanism for implementing acts of general scope.
Important points:
- The Commission is assisted by the Committee on the Prevention of Money Laundering and Terrorist Financing when exercising its functions under this regulation.
- This committee was established by Article 34 of Regulation (EU) 2023/1113, meaning it is a pre-existing body being carried across rather than a newly created one.
- The committee operates under the examination procedure as defined in Article 5 of Regulation (EU) No 182/2011.
Springlex's summary of the article, a reading aid, not a substitute for the legal text.
The Commission shall be assisted by the Committee on the Prevention of Money Laundering and Terrorist Financing established by Article 34 of Regulation (EU) 2023/1113. That committee shall be a committee within the meaning of Regulation (EU) No 182/2011.
Where reference is made to this paragraph, Article 5 of Regulation (EU) No 182/2011 shall apply.
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
property
Definition
terrorist financing
Definition
money laundering
Definition
third country