EBA Report Highlights “Promising Benefits” of SupTech in EU AML/CFT Supervision

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The European Banking Authority (EBA) has published its “Report on the use of AML/CFT SupTech tools” on the status of SupTech use in AML and CFT oversight in the EU. Published on August 12, the document evaluates how supervisory technology (SupTech) tools are helping competent authorities meet the evolving demands of the EU’s new AML/CFT framework.

The EBA based its analysis on a November 2024 survey of 31 competent authorities from 25 member states and three non-EU jurisdictions, conducted shortly after the EU’s AML/CFT package was published in June 2024 and the Anti-Money Laundering Authority (AMLA) was established. It also used insights from a January 2025 SupTech workshop on identifying lessons and good practices.

The report states:

While the adoption of AML/CFT SupTech remains at an early stage, competent authorities have already observed promising benefits, including enhanced collaboration, improved data quality and analytics, and greater capacity to scale supervision under the new EU AML/CFT framework.

Momentum for AML/CFT SupTech adoption is also building. Of all identified tools, 47% are already in production and 38% are under development. 

Reported SupTech benefits include improved data quality, faster and more accurate risk identification and decision-making, and greater operational efficiency.

However, feedback from competent authorities reveals they consider themselves only “moderately prepared” to effectively deploy SupTech tools due to hurdles like poor data quality, limited budgets, lack of expertise, and operational risks. Authorities have also shared concerns about the legal ambiguity of automated decision-making, as well as organizational resistance to AI-driven tech transformations.

The findings nonetheless highlight growing interest in and adoption of SupTech across EU authorities.