The European Banking Authority (EBA) has published a new report on the use of technology tools in anti-money laundering and countering the financing of terrorism (AML/CFT) supervision, also known as supervisory technology, or SupTech.
SupTech refers to the application of advanced technological solutions by supervisory authorities to enhance their ability to monitor, analyse, and oversee financial institutions.
In the context of AML/CFT, SupTech can include tools that help detect suspicious
