The Cyprus Securities and Exchange Commission (CySEC) has informed the public about the Anti-Money Laundering Authority (AMLA) news on its Single Programming Document (SPD) for the period 2026–2028 and public consultations.
As noted in its announcement on AMLA's SPD, "CySEC considers this to be a valuable document as it sets out the AMLA’s strategic priorities and work programme and provides the market with visibility for prompt preparation in anticipation of the upcoming completion of AMLA’s regulatory mandates."
AMLA's Single Programming Document for 2026-2028 is the Authority's first multi-year plan, setting out priorities and timelines as it moves from foundation to delivery. It contains AMLA’s work programme and provides a roadmap for the market.
The SPD gives an overview of scheduled mandates for 2026 and AMLA’s strategic objectives across three core deliverables: completing the Single Rulebook, advancing supervisory convergence, and strengthening cooperation among Financial Intelligence Units.
These are translated into action via five interlinked activities that will shape AMLA’s work in 2026 with an impact across the 3 years covered in the SPD:
(i) delivering on core regulatory mandates
(ii) advancing direct supervision
(iii) operationalising the FIU framework
(iv) laying the foundations for indirect supervision and oversight, and
(v) building AMLA’s risk frameworks.
A roadmap for the market
AMLA continues its preparatory work to deliver effective outcomes with the principles of simplification in mind, prioritising areas that provide clarity and direction for the industry - including rules on customer due diligence and business relationships, and a consistent framework for supervisors across the EU. The SPD gives the market guidance for preparation and information on upcoming mandates, offering the opportunity for input via public consultations.
Scaling operations
In parallel, AMLA is scaling its organisation to support effective delivery: growing its workforce, developing IT infrastructure, and putting in place the structures needed to fulfil its mandate. Staff numbers are expected to grow from 120 at the end of 2025 to 432 by the end of 2027.
CySEC, meanwhile, also pointed out that AMLA had announced public consultations on the following three draft Regulatory Technical Standards (RTS):
- Article 19(9) of Regulation (EU) 2026/1624 (AMLR) - on criteria for business relationships, occasional transactions and linked transactions as well as lower thresholds.
- Article 28(1) of Regulation (EU) 2024/1624 (AMLR) - on Customer Due Diligence.
- Article 53(10) of Directive (EU) 2024/1640 (AMLD 6) - on pecuniary sanctions, administrative measures and periodic penalty payments.
