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On 08 May 2026, the LPEA submitted its response to the AMLA Public Consultation on the Draft Regulatory Technical Standards under Article 28(1) of Regulation (EU) 2024/1624 on Customer Due Diligence.
The Association emphasised the importance of preserving a risk-based and proportionate approach to AML/CFT obligations for alternative asset management companies. It highlighted the need for sufficient flexibility in the implementation of mitigation measures, allowing professionals to take into account sector-specific characteristics, the inherent risk profile of Alternative Investment Funds, and their own risk assessments. The LPEA also underlined that overly prescriptive requirements could create unnecessary burdens, undermine the competitiveness of the EU financial centre, and risk the unintended exclusion of certain geographies, industries, or investor groups from financial services.
