The new EU Anti-Money Laundering (AML) framework represents a critical development for the recreational boating industry, bringing the sector into scope for the first time at EU level. European Boating Industry (EBI) has been actively engaged both during the legislative process and in the ongoing implementation phase to ensure that the specificities of the sector are reflected.

Include in scope and defined as high-value are craft above €7.5 million. From July 2027, businesses involved in the sale of high-value craft, such as brokers, dealers and shipyards, will be subject to AML requirements as “obliged entities”. 

Following the adoption of the legislation, EBI has stepped up its engagement with the newly established Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA). Recognised as the representative voice of the sector, EBI has been directly invited to contribute to AMLA’s work and consultations.  This engagement includes participation in meetings and public hearings, as well as contributions to the development of regulatory technical standards and guidelines, including those on risk assessment and due diligence requirements. 

A central priority for EBI is to ensure that the future rules are proportionate and workable for the boating sector. In its consultation responses, EBI has emphasised the need to reflect the specific characteristics of the market, where transactions are often cross-border and involve intermediaries, and where many businesses lack the compliance resources of large financial institutions. EBI has therefore called for practical solutions and ensuring that SMEs are not subject to disproportionate expectations. 

At the same time, EBI is supporting its members in preparing for the implementation of the new framework by coordinating input to consultations, developing guidance materials and organising targeted webinars. EBI will remain closely engaged in the coming months as AMLA continues to develop implementing measures, ensuring that the interests of the recreational boating sector are effectively represented and that the new requirements remain practical and proportionate.