Strengthening Europe’s AML Framework – Shift Markets’ Response to the EBA

As digital assets evolve, regulation needs to keep pace. That’s why Shift Markets has submitted formal responses to the European Banking Authority (EBA) in support of new AMLA mandates shaping the future of financial compliance across the EU.

In this latest consultation paper, the EBA outlines technical standards for customer due diligence, PEP screening, simplified and enhanced measures, and a harmonised approach to risk scoring and sanctions enforcement. Our team reviewed the proposals in full, offering recommendations to align regulatory obligations with practical business realities while preserving the spirit of risk-based supervision.

We advocate for:

• Proportional review frequencies that reflect actual risk exposure

• Clarified thresholds for simplified due diligence

• Consistency in risk scoring to aid cross-border operations

• A risk-tiered approach to penalty payments, focused on remediation

Our regulatory team remains committed to shaping balanced frameworks that support innovation, financial integrity, and global alignment—while reducing unnecessary burden for low-risk participants.

Read our full response here.