What Changed
- EDPB and AMLA formed a joint drafting team to create guidelines for public and private information sharing under Article 75 of the AML Regulation.
- The information-sharing mechanism under Article 75 of the AML Regulation will apply starting 10 July 2027.
- The authorities will host a stakeholder event later this year and publish draft guidelines for public consultation in the first half of 2027.
The European Data Protection Board (EDPB) and the Anti-Money Laundering Authority (AMLA) have announced a joint initiative to draft guidelines on partnerships for information sharing. This collaborative effort aims to provide regulatory clarity for entities and authorities seeking to exchange personal data to detect and prevent money laundering and terrorist financing while maintaining strict compliance with European data protection safeguards.
**Legal Framework and Timeline**
The upcoming Joint Guidelines address Article 75 of the Anti-Money Laundering Regulation (AMLR), which establishes a legal framework allowing covered companies, professionals, and public entities to share information within specific boundaries. The capability to share information under Article 75 will officially apply from 10 July 2027. In anticipation of this application date, the EDPB and AMLA are preparing guidelines to provide proactive clarity to commercial entities, supervisors, Financial Intelligence Units (FIUs), and data protection authorities.
**Drafting Process and Stakeholder Engagement**
Work on the guidelines is being led by a joint drafting team composed of representatives from both the EDPB and AMLA. To ensure practical industry insights are reflected, the authorities plan to hold an event later this year to collect early stakeholder views on specific issues requiring clarification. Furthermore, the EDPB and AMLA intend to launch a public consultation on the draft Joint Guidelines in the first half of 2027.
**Balancing Financial Crime Prevention and Data Privacy**
Because effective information sharing to combat financial crime inherently requires processing personal data, robust privacy safeguards are critical. The Joint Guidelines aim to establish practical structures enabling information-sharing partnerships to function effectively without compromising fundamental data protection rights across the European Union.
Who May Be Affected
Companies and professionals covered by anti-money laundering rules, financial supervisors, Financial Intelligence Units (FIUs), and data protection authorities in the EU.
Cross-Border Context
Applies across the European Union to any international or domestic entities subject to EU anti-money laundering and data protection rules when sharing personal data.
What to check next
- Monitor the EDPB and AMLA announcements for the stakeholder event scheduled later this year.
- Track the publication of the draft Joint Guidelines for public consultation in the first half of 2027.
This article provides general information and does not constitute legal advice. Consult the official text and obtain advice appropriate to your circumstances where needed.