AMLD6, Article 56, EU

1. Member States shall ensure that supervisors are able to apply administrative measures to an obliged entity where they identify:

(a)

breaches of Regulation (EU) 2024/1624 or Regulation (EU) 2023/1113, either in combination with pecuniary sanctions for serious, repeated and systematic breaches, or on their own;

(b)

weaknesses in the internal policies, procedures and controls of the obliged entity that are likely to result in breaches of the requirements referred to in point (a) and administrative measures can prevent the occurrence of those breaches or reduce the risk thereof;

(c)

that the obliged entity has internal policies, procedures and controls that are not commensurate with the risks of money laundering, its predicate offences or terrorist financing to which the entity is exposed.

2. Member States shall ensure that the supervisors are able at least to:

(a)

issue recommendations;

(b)

order obliged entities to comply, including to implement specific corrective measures;

(c)

issue a public statement which identifies the natural or legal person and the nature of the breach;

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