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Recital 19

Recital 19

(19)Upon request, EBA should provide assistance to competent authorities in the exercise of their prudential supervisory functions. EBA should also coordinate closely, and, where appropriate, exchange information, with competent authorities including the European Central Bank, in its supervisory capacity, and with authorities entrusted with supervising obliged entities listed in points (1) and (2) of Article 2(1) of Directive (EU) 2015/849 to ensure efficiency and to avoid any form of duplicative or inconsistent actions in the prevention and countering of money laundering or of terrorist financing.

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