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
101 and Still Going Strong: Meet Henri, a Brave Belgian Warrior
As one of only three known Belgian survivors of the famous Piron Brigade, Henri knows what he is talking about.
The Belgo-Luxembourg unit went down in military folklore after it took part in the Liberation of Normandy and Be
Women’s World Cup Qualifiers Test Europe’s Football Depth
Europe’s women’s national teams are approaching a crucial June period, with direct qualification for the 2027 FIFA Women’s World Cup, play-off spots, and promotion or relegation all on the line. The fixtures not only test sporting skills but also reflect the progress and remaining challenges in advancing women’s football in Europe to make it more widespread, visible, and sustainable.
A Dec
Macron Invites Coalition of the Willing Nations to Attend Bastille Day
Ukraine, the Western Balkans, and the EU Enlargement Agenda: Interview with MEP David McAllister
McAllister, a member of the European People’s Party (EPP) and chair of the European Parliament’s Committee on Foreign Affairs
EU Issues New Warning on Russian Sanctions
The European Union has warned it will “further raise the cost for Moscow” of the ongoing war in Ukraine.
The get-tough message comes in the wake of what the EU has called a “grave incident” of 29 May in which a Russian drone carrying explosives, that was part of an overnight attack against Ukraine, crashed into a residential building in Galați, Romania.
The incident in Galați injured two people
EU Parenthood Debate Puts Children’s Cross-Border Rights Back on the Table
A Walk with Karin Prien
Prien erläutert, wie die beliebte Familienleistung angesichts der Sparvorgaben umgestaltet werden soll und die Auswirkungen auf Väter sowie das Modell
Stepping Out to Rejoin the European Union
Three Britons are walking an estimated 350km from London to Brussels as part of ongoing efforts for the UK to rejoin the European Union.
They are carrying a public petition, which has signed by thousands of British citizens, calling for the UK to get back in the 27-strong bloc.
This comes just ahead of a major pro-Remain march in London later this month where tens of thousands of people are expe
Europe at a Crossroads: Today’s Politics, Prices, and Rights Roundup
EU Ministers Discuss Borders, Migration, and Security
Home affairs
Andy Burnham on Question Time: 5 Key Points from the UK Leadership Hopeful’s TV Appearance
Burnham dismissed allegations of unequal policing in Greater Manchester, commending Chief Constable Stephen Watson. He emphasized Watson’s commitment to “never take the knee
Leave a Reply