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On July 2, 2026, the European Union Anti-Money Laundering Authority (AMLA) launched a public consultation on draft standards establishing a common format for reporting suspicions of money laundering and terrorist financing across the European Union. Currently, reporting requirements for suspicious activity and transaction records vary significantly between Member States, creating compliance challenges for cross-border operators and hindering the exchange of information between Financial Intelligence Units (FIUs). AMLA's initiative aims to address this fragmentation by introducing harmonised templates and data points for reporting entities while accommodating sector-specific requirements. The common standards will apply to both financial and non-financial sector businesses and professionals subject to anti-money laundering rules. Reporting entities will complete only relevant data points tailored to their activity type and the nature of the suspicion reported. This approach is intended to provide greater clarity and consistency for the private sector, particularly those operating across multiple jurisdictions, while enabling FIUs to receive more structured and comparable information for faster processing and action. AMLA is seeking input from stakeholders across the financial and non-financial sectors, national competent authorities, and EU and international organisations. A public hearing will be held on September 9, 2026, from 10:00 to 12:00 Central European Summer Time to discuss the draft standards. Interested parties can access the public consultation and accompanying factsheet on AMLA's website. The consultation period details and submission procedures are available through the consultation portal.