The federation requests moving away from rigid, prescriptive rules toward a flexible, intelligence-led approach. They want less standardization that allows Member States to add requirements, arguing this reintroduces fragmentation. They seek permission to apply enhanced due diligence only for high-risk cases, not increased-risk ones, and want flexibility in governance structures rather than mandatory two-tier compliance systems. This would reduce compliance burdens and allow banks to focus resources on detecting actual criminal activity.
Financial intelligence units lose standardized data flows needed to identify criminal patterns across jurisdictions.