Strasbourg (Eurotoday) – Bruna Szego, selected as chair of the EU’s Anti-Money Laundering Authority, won despite lacking backing from major groups.
Bruna Szego from Italy was picked as the chair of the EU’s new dirty money watchdog following a three-hour hearing before the European Parliament’s economy and justice committees and an ensuing discussion on the pick.
Bruna Szego secured a majority to dominate rival candidates Marcus Pleyer of Germany and Jan Reinder De Carpentier of the Netherlands, despite lacking the backing of the centre-right European People’s Party, the biggest group in the Parliament, or of the Greens.
What makes Bruna Szego a strong fit for AMLA leadership?
Concerning Szego’s background, she founded and leads the anti-money laundering (AML) supervision and regulation unit at the Bank of Italy, having previously led its regulation and macroprudential analysis directorate. She poses on the EBA’s anti-money laundering standing committee; one of her muscles is linking macroprudential and AML threats.
When will the EU’s new AMLA rules take effect?
European Union’s new single Anti Money Laundering Authority (AMLA), and the governance system it raises, are designed to grant it adequate independence from national regulators to allow it to interfere when country watchdogs fail. It comes after Europe underwent a series of dirty money scandals. The new Frankfurt-based structure will hire some 450 staffers and will begin direct charge of high-risk financial entities as of January 2028, with the EU’s new anti-money laundering rules beginning to take effect six months earlier.
The selection of Szego by lawmakers is the crucial stage in the AMLA chair selection process.
Olivier Salles, the EU authorised handling practices “to deliver the initial [AMLA] start-up” stated last week he hoped the body’s chair could “be appointed in January” to take up their responsibilities as quickly as possible, and that a decision on the AMLA executive board could be taken in February.
Comments
3 responses to “Bruna Szego Named Chair of EU Anti-Money Laundering Authority”
-
Aren’t we all just thrilled to have someone leading the charge against dirty money who, quite frankly, was the last one picked for kickball? 🎉 I mean, lack of support from the big guns really screams confidence, doesn’t it? 😂
-
Oh, fantastic! Just what we need—someone leading the charge against money laundering who has all the support of a wet paper towel. 👏 Can’t wait to see how this thrilling soap opera unfolds! 🍿
-
Oh, splendid! Just what we needed—another Italian leading the charge against dirty money! I suppose next, we’ll have a French chef heading the EU’s diet initiative. 🍝💸
Last News
Ensuring Public Data Accessibility: The EU’s Challenge in the Digital and Green Transition
One of the central issues in the digital and environmental transition concerns the need to ensure that public data are genuinely usable, and not merely available online in a formal sense.
It still happens today that citizens who need to consult an urban development plan, verify an environmental restriction, or submit public comments find themselves faced with documents that are difficult to open
Europe’s Women Must Navigate Play-Off Path to Brazil
Europe’s journey to the 2027 FIFA Women’s World Cup advanced on Thursday as UEFA’s play-off draw in Nyon mapped out a path for 32 national teams, where reputation, depth, and resilience will be as crucial as recent performance.
The Women’s European Qualifiers play-off draw will
Magyar and Metsola Discuss EU Halting Rule of Law Procedure Against Hungary
Ivory Coast Omits Elye Wahi from Germany Friendly Squad
Abidjan, Ivory Coast, June 18 – Eurotoday Newspaper — Football squad selection became the center of attention after Ivory Coast announced its roster for the upcoming international trip to Canada, confirming that forward Elye Wahi will not travel with the team ahead of the highly anticipated friendly against Germany. The decision has sparked debate among supporters, with many questioning the abse
EU Expedites Fertiliser Aid for Farmers
EU governments have decided to hasten emergency aid for farmers impacted by increasing fertilizer costs, granting the Council presidency the authority to negotiate a quick agreement with the European Parliament. This measure offers short-term relief but highlights a larger policy issue for Brussels: E
Ukrainian Drones Hit Moscow, Ignite Oil Refinery Blaze
Ask the Room, Not the Smoker
Bulgaria Seeks Special Status and Separate Funds for Oil-Producing Rose
Europe’s budget war starts now
Next, they introduce the four new govern
MEPs Largely Support New EU-US Trade Agreement
MEPs have backed the EU-US trade deal, saying it is a “pragmatic and necessary agreement that gives European businesses the certainty they need in uncertain times.”
Meeting in Strasbourg, member of the European Parliament voted in favour of the two regulations implementing the EU-US Turnberry tariff arrangement.
The main proposal, adopted by 440 votes to 151 with 50 abstentions, eliminates tarif
Leave a Reply