The European Banking Authority is consulting on proposed guidelines for anti-money laundering (AML) and counter-terrorist financing (CTF) compliance officers. Anna Bradshaw speaks to Thomson Reuters Regulatory Intelligence on the motivations driving the proposals and how they fit into the EU’s efforts to strengthen the wider AML/CTF framework: “The level of detail in the proposed guidelines is surprising but reflects the general trend in the EU’s proposals away from the risk-based approach towards more prescription. In many respects this is a matter of the regulatory guidelines reflecting what is already the industry norm but their scope and breadth are clearly intended to ensure that the effectiveness of AML/CFT is improved ‘from within’, and should result in better structured compliance efforts.” Read more.