--- title: Keeping up with AML and KYC Compliance in the EU description: Keeping up with AML and KYC Compliance in the EU image: https://marketing.albanybeck.com/hubfs/looking-up-at-a-blue-sky-between-a-canyon-of-moder-2024-07-05-20-28-20-utc.jpg --- [Skip to content](https://marketing.albanybeck.com/news-and-insights/keeping-up-with-aml-and-kyc-compliance-in-the-eu#main-content) # Keeping up with AML and KYC Compliance in the EU Author: [Albany Beck](https://marketing.albanybeck.com/news-and-insights/author/albany-beck) Posted in: Latest News , Insights Read Time: 1 Min Read ![](https://marketing.albanybeck.com/hs-fs/hubfs/looking-up-at-a-blue-sky-between-a-canyon-of-moder-2024-07-05-20-28-20-utc.jpg?width=1280&name=looking-up-at-a-blue-sky-between-a-canyon-of-moder-2024-07-05-20-28-20-utc.jpg)   As financial firms embrace tech innovation to deliver their services, money laundering schemes are following suit, becoming more complex and harder to detect in the process.  In response, the EU is introducing a legislative package focused on anti-money laundering (AML) and countering the financing of terrorism (CFT). This is likely to impact already stretched compliance teams and highlights the need to invest in enhancing their capabilities.  The package includes the establishment of an EU AML supervisor that will make changes to the existing AML Framework, including customer due diligence and beneficial ownership rules. Work will also continue on an EU AML Authority (AMLA) which aims to be operational in 2025. At Albany Beck, our AML & KYC Academy is committed to equipping emerging talent in the financial services sector with the knowledge and practical skills to deliver compliance that protects your firm and its customers.    We can provide you with experts who will have an immediate impact and become key members of your team, ensuring you stay on the right side of regulations. To discuss how we can support your firm, [get in touch](https://www.linkedin.com/in/emer-mcpartland-015b97b7?lipi=urn%3Ali%3Apage%3Ad_flagship3_profile_view_base_contact_details%3BJruljz8oR%2B2ODLWDYy2OFQ%3D%3D) with Emer McPartland. To explore the evolving AML & KYC regulatory landscape and how the Central Bank of Ireland is tightening its supervision, read its [2024 Regulatory and Supervisory Outlook.](https://drive.google.com/file/d/1VzZ_EWhrYH2KbMx_WHdW2LW1N92vDXYh/view) ### Recent - [ State of The Market 2026 ](https://marketing.albanybeck.com/news-and-insights/state-of-the-market-2026) - [ Board Advisors and Diverse Teams: Driving Business Growth ](https://marketing.albanybeck.com/news-and-insights/board-advisors-and-diverse-teams-driving-business-growth) - [ Prioritising People: The hidden key to successful payment migrations ](https://marketing.albanybeck.com/news-and-insights/prioritising-people-the-hidden-key-to-successful-payment-migrations) - [ In conversation: Jason Hale on the value of fractional advisory services ](https://marketing.albanybeck.com/news-and-insights/in-conversation-jason-hale-on-the-value-of-fractional-advisory-services) Share This [mailto:?subject=Keeping%20up%20with%20AML%20and%20KYC%20Compliance%20in%20the%20EU&body=Read%20this%20post:%20https://marketing.albanybeck.com/news-and-insights/keeping-up-with-aml-and-kyc-compliance-in-the-eu](mailto:?subject=Keeping%20up%20with%20AML%20and%20KYC%20Compliance%20in%20the%20EU&body=Read%20this%20post:%20https://marketing.albanybeck.com/news-and-insights/keeping-up-with-aml-and-kyc-compliance-in-the-eu) [![](https://marketing.albanybeck.com/hs-fs/hubfs/etienne-martin-2_K82gx9Uk8-unsplash.jpg?width=1080&name=etienne-martin-2_K82gx9Uk8-unsplash.jpg) ](https://marketing.albanybeck.com/news-and-insights/seamless-it-migrations-that-build-more-effective-banks) #### Seamless IT Migrations That Build More Effective Banks IT migrations are a fact of life for financial services organisations like yours if you want to stay ahead of the competition. But they’re rarely straightforward and come with plenty of pitfalls. [ Read More ](https://marketing.albanybeck.com/news-and-insights/seamless-it-migrations-that-build-more-effective-banks) [![](https://marketing.albanybeck.com/hs-fs/hubfs/pexels-expect-best-351264.jpg?width=1080&name=pexels-expect-best-351264.jpg) ](https://marketing.albanybeck.com/news-and-insights/trust-technology-and-banking) #### Trust, Technology and Banking The relationship between technology and banking is rapidly expanding. The number of mobile banking users is forecast to double in 4 years to 1.8 billion users, which equates to over a quarter of the earth’s population. [ Read More ](https://marketing.albanybeck.com/news-and-insights/trust-technology-and-banking) [![](https://marketing.albanybeck.com/hs-fs/hubfs/old-buildings-in-regent-street-in-the-city-of-west-2024-02-09-01-28-54-utc.jpg?width=1080&name=old-buildings-in-regent-street-in-the-city-of-west-2024-02-09-01-28-54-utc.jpg) Latest News , Insights ](https://marketing.albanybeck.com/news-and-insights/the-evolution-of-wealth-management-driving-client-engagement-and-industry-transformation) #### The Evolution of Wealth Management: Driving Client Engagement and Industry Transformation The wealth management industry is undergoing a profound transformation. With rapid technological advancements, a new wave of intergenerational wealth transfer, and heightened demand for socially responsible investments, firms are rethinking their approaches to client engagement and service delivery. [ Read More ](https://marketing.albanybeck.com/news-and-insights/the-evolution-of-wealth-management-driving-client-engagement-and-industry-transformation) ![](https://px.ads.linkedin.com/collect/?pid=4593538&fmt=gif) ![](https://px.ads.linkedin.com/collect/?pid=4593538&fmt=gif)