When the European Union created the Anti-Money Laundering Authority (AMLA) in mid-2024, the ambition was framed in institutional terms: a single supervisor to end two decades of fragmented, directive-led enforcement. Yet the most consequential development of 2026 is not about who AMLA will supervise. It is about how risk itself must now be measured, evidenced and defended across the entire Union. The reforms unveiled this spring do not adjust the procedural furniture of compl

When the Bank of Lithuania granted Revolut a European banking licence in 2018, the decision was read as a vote of confidence in a new kind of institution: fast, digital and unburdened by the legacy systems that slow incumbents down. Eight years later, Revolut now serves more than 75 million customers and lifted pre-tax profit by 57 per cent to £1.7bn on revenue of £4.5bn last year, and is sounding out investors on a share sale that values it at $115bn, a figure that, the Fina

The European Banking Authority (EBA) has published an updated list of indicators used in its risk assessment and risk analysis tools, alongside a revised methodological guide. The update is designed to improve clarity and consistency in how risk indicators are calculated and interpreted across EBA publications, supporting more robust and comparable supervisory risk assessments. Importantly, the changes do not introduce any new reporting requirements for institutions or compet

The European Banking Authority (EBA) has announced the launch of its 2025 EU-wide Transparency Exercise, reinforcing its commitment to...

The Risk-Based Approach (RBA) has become the cornerstone of financial crime compliance within banks globally. Praised for its flexibility...

In an era of increasing geopolitical tension and rapidly evolving financial crime, traditional sanctions screening methods are being...

The Wolfsberg Group has reaffirmed its longstanding position that the risk-based approach (RBA) remains fundamental to the design and...

Introduction: A New Era of Converging Risks The climate crisis has triggered unprecedented shifts across the global economy. From the...

For decades, banks have relied on the risk-based approach (RBA) to combat financial crime, as mandated by global regulators like the ...

The Joint Committee of the European Supervisory Authorities (EBA, EIOPA and ESMA – collectively the ESAs) has today released its 2024...

The European Banking Authority (EBA) has published an updated set of risk assessment indicators and an accompanying methodological guide,...

While Risk & Control Self-Assessments (RCSA) are an essential part of effective risk management for banks, their implementation often...