New EBA Guidelines regarding AML Officer

The European Banking Authority (EBA) published Guidelines on policies and procedures for compliance management and the role and responsibilities of the Anti-Money Laundering Officer (AML Officer) on 14th June 2022.
These will come into force on 1st December 2022 and apply to all financial sector entities falling within the scope of the Anti-Money Laundering Directive (AMLD). In this post, we have summarized the main changes for the AML officers and the responsible management bodies based on the Guidelines.