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
Travel with Up to Five Pets in Europe
An EU pet passport includes descriptions and details like microchip or tattoo codes, rabies vaccination records,
What Actions Will Burnham Take Regarding AI?
In their second summer box set conversation, Sam Coates and Anne McElvoy talk with POLITICO UK tech editor Isobel Asher Hamilton about the decisions the new prime minister will face this autumn.
Should the UK aim to create the
Birmingham Reframes Women’s Athletics
The European Athletics Championships are set to begin in Birmingham on Monday, with more than just medals at stake. As the cameras capture Europe’s top competitors, new broadcasting guidance will be tested on this major championship stage: can television portray the power, technique, and emotion
Ruler: Charles III.
The Berlin Playbook Podcast is available every morning from 5 AM. Gordon Repinski and the POLITICO team offer politics to listen to
Germany Facing "Daily" Hybrid Warfare Attacks, Minister Warns
A spokesperson for Germany’s foreign ministry stated that Russia is behind continuous efforts to influence
Europe’s Power Grid Faces Heat and Eclipse Pressure
Europe’s electricity networks are preparing for an exceptional week, with heatwave conditions already affecting power p
Israel Dismisses Trump’s Gaza Peace Proposal
This rejection impacts peace negotiations brokered by the Trump administration since September. The U.S. president had characterized the plan, now dismissed by Israel, as a “critical step towards Gaza being governed by a new Palestinian government” and providing Isra
Europe’s Sámi Reconciliation Faces Its Hardest Stage
Indigenous Peoples’ Day Shifts Focus from Historical Injustice to Tangible Change in the Nordic Regions
Europe’s Sámi communities approach this year’s International Day of the World’s Indigenous Peoples with a clear message for Nordic governments: acknowledging past injustices is insufficient. Truth and reconciliation efforts have documented assimilation’s impact, but their validity depends on c
Syrian Migrant Smugglers Apprehended in Coordinated Operation in Germany and Serbia
Russia and Ukraine Trade Overnight Strikes; WHO Confirms Warehouse Destroyed
In another incident, a Ukrainian drone attack on the Russian city of Belgorod resulted in the deaths of five people, according to the regional crisis center on Sunday. Acting governor Alexander Shuvayev initially stated that the attack killed three people and injured 25 more, with the
Leave a Reply