I. Introduction
According to the AML Council Action Plan published in December 2018, cooperation and information exchange should occur throughout all the supervisory phases and in both directions (from prudential supervisors to AML/CFT supervisors and vice versa). In order to ensure a common framework for supervisory cooperation, Directive (EU) 2019/878 (CRDV) added Article 117(6) to Directive 2013/36/EU, which entered into force on 27 June 2019 and covers the mandate to issue guidelines, in accordance with Article 16 of Regulation (EU) No 1093/2010, specifying the manner for cooperation and information exchange between competent authorities, financial intelligence units and AML/CFT competent authorities, particularly in relation to cross-border groups and in the context of identifying serious breaches of anti-money laundering rules.
The guidelines are addressed to both prudential and AML/CFT supervisors and aim to set a framework that ensures information-sharing between both in order
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