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Version status: Amended
Version date: 15 May 2024 - onwards
  Version 2 of 2    

Article 5 Tasks

1. The Authority shall perform the following tasks with respect to ML/TF risks facing the internal market:

(a) monitor developments across the internal market and assess threats, vulnerabilities and risks in relation to ML/TF;

(b) monitor developments in third countries and assess threats, vulnerabilities and risks in relation to their AML/CFT systems that have an actual or potential impact on the internal market;

(c) collect and analyse information, from its own supervisory activities and those of the supervisors and supervisory authorities, on weaknesses identified in the application of AML/CFT rules by obliged entities, the risk exposure of obliged entities, the sanctions imposed and the remedial actions taken;

(d) establish a central AML/CFT database of information collected from supervisory authorities or stemming from the Authority’s activities, and keep it up to date;

(e) analyse the information collected in the central database and share those analyses with supervisors, super

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