Zenoo Compliance Brief
EBA transfers AML/CFT supervision to EU AMLA from July 2027
Plus, FinCEN fines Canaccord Genuity $80 million for BSA breaches, BIS settles with Applied Materials over China exports, and Swiss regulator penalizes Mirabaud Bank $15 million.
5 March 2026 · 4 min read
The EU's regulatory architecture just shifted. From mid-2027, the newly created EU AMLA takes the AML/CFT supervisory reins from the EBA, centralizing oversight under unified AMLR rules. If you run compliance for EU banks or work on obliged entity platforms, your KYC workflows, transaction monitoring, and vendor integrations need rework. We've also got four enforcement hits across three jurisdictions this week, signalling regulators are in no mood for gaps.
In today's brief
- 1 Are your KYC and transaction monitoring systems ready for the EU's new unified AML regulator?
- 2 Did Canaccord's OTC securities desk lack basic transaction monitoring, or was the gap systemic across compliance?
- 3 What does Applied Materials' second-highest BIS fine signal about equipment export controls?
- 4 What Mirabaud's $15m fine reveals about Swiss AML enforcement priorities in 2024.
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