EU AMLR is coming: new rules require verified data

Automate KYC, risk assessment and ongoing monitoring using Roaring’s verified data.

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The new era of EU anti-money laundering.
Goodbye to self-regulation

AMLR (Regulation (EU) 2024/1624) applies from 10 July 2027 (with limited exceptions from 10 July 2029). It upgrades the EU AML playbook and raises expectations on how up-to-date and defensible your customer data needs to be—especially for banks and other obliged entities.

AMLR tightens and harmonises risk assessment, due diligence and ongoing monitoring across the EU. It’s still risk-based—but the bar is higher for data quality and how often customer information must be refreshed.

Five critical changes your AML program must address

AMLR reduces ambiguity and pushes AML teams toward more data-driven, auditable decisions, especially across onboarding, refresh and monitoring.

Assessments must now use a standardised methodology and a uniform scoring model, weighted by factors like geographical risk, complex ownership, anonymous transactions, and PEP status. Arbitrary scoring is eliminated.
Self-declarations are no longer sufficient. Companies must now actively obtain and verify information about the Ultimate Beneficial Owner (UBO).
Sanctions screening is a mandatory part of the KYC process. The requirement is clear: ongoing sanctions screening must be carried out daily.
Your customer's business sector is now one of the most critical factors in risk assessment. This demands reliable, independent data—not self-declarations.
An annual review is obsolete. You must continuously monitor changes that affect a customer's risk level to ensure your customer due diligence remains up-to-date.

Roaring: Your data partner for AMLR compliance

The new regulatory framework creates an immediate and critical need for high-quality, verified data. Roaring has designed its services to meet these specific challenges, turning the burden of compliance into a clear, automated process.

AMLR requirement
Roaring solution
Key benefit
Active UBO verification
Alternative Beneficial Owner

        Strengthens beneficial owner verification by cross-checking registers and supporting discrepancy handling—so your UBO decisions are more robust and auditable.

      
Sector risk factor
Company activity / sector data

        Provides accurate, independently verified industry data, making customer risk assessments precise and defensible under the new weighted framework.
      
Daily sanctions screening
Global sanctions lists API

        Automates sanctions screening at a risk-based frequency—and for credit and financial institutions, also on any new designation—so you can react fast without adding manual workload.
      
PEP status scoring
PEP screening APIs

        Provides reliable data to quickly identify high-risk individuals, which is important since AMLR requires stronger controls for PEP relationships—senior management approval, source of wealth/funds checks, and enhanced ongoing monitoring.
      
Ongoing monitoring
Monitoring

        Handles continuous monitoring of key risk factors (PEP status, ownership structure, sector classification) without requiring you to hand over your customer lists.
      

How Loomis Pay automated digital KYC

“With Roaring’s APIs, we automated key KYC steps—beneficial ownership data plus PEP and sanctions screening—so customers can confirm pre-filled info and sign digitally.”

— Michael Pickett, COO/CISO at Loomis Pay

Read Customer Story