Recital 87

Outreach activities, including the dissemination of information by the supervisors to the obliged entities under their supervision, is essential to guarantee that the private sector has an adequate understanding of the nature and level of money laundering and terrorist financing risks they face. This includes disseminations of designations under targeted financial sanctions and UN financial sanctions, which should take place immediately once such designations are made in order to enable the sector to comply with their obligations. As the implementation of AML/CFT requirements by obliged entities involves the processing of personal data, it is important that supervisors are cognisant of guidance and other publications issued by the data protection authorities, either at national level or at Union level through the European Data Protection Board, and that they include that information, as appropriate, in their disseminations to the entities under their supervision.