On 26 January 2026, the EU Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA) announced that it was launching a data collection exercise to test and calibrate its risk assessment models. These models serve two purposes: to inform the selection of up to 40 entities for AMLA’s direct supervision starting in 2028, and to ensure that money laundering risks of financial institutions are assessed consistently by supervisors across the EU. Once the models have been fully tested and calibrated, AMLA will establish the final list of entities eligible for direct supervision. Member State national supervisors will then collect data points from the identified eligible entities in early 2027, which will inform AMLA’s subsequent selection of the 40 directly supervised entities.