Article 5 4.

maintain an up-to-date list of non-financial supervisors within the Union;

coordinate peer reviews of supervisory standards and practices in the area of AML/CFT;

in the area of AML/CFT, investigate potential breaches or non-application of Union law by non-financial supervisors and public authorities overseeing self-regulatory bodies, issue recommendations on how to remedy the identified breaches and, where the supervisors or public authorities do not comply with the recommendations, issue warnings identifying the measures to be implemented to mitigate the effects of the breach;

carry out periodic reviews to ensure that all non-financial supervisors have adequate resources and powers necessary for the performance of their tasks in the area of AML/CFT;

contribute to the convergence of supervisory practices and the promotion of high supervisory standards in the area of AML/CFT;

facilitate the functioning of AML/CFT supervisory colleges in the non-financial sector;

provide assistance to non-financial supervisors, following their specific requests, such as requests to mediate between non-financial supervisors in the event of a disagreement on the measures to be taken in relation to an obliged entity, including in the context of AML/CFT supervisory colleges.