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
DeepSeek Halts Fundraising Talks Amid AI Investment Market Scrutiny
Hangzhou, China, July 25 Eurotoday Newspaper — AI startup funding is under renewed attention after Chinese artificial intelligence company DeepSeek reportedly paused discussions with prospective investors during its latest fundraising round. According to Bloomberg News, the company informed potential backers that negotiations have been put on hold for now. Reuters said it could not independently
Volkswagen Replaces Lawnmowers with 100 Sheep at Polish Solar Park
The sheep manage the grasslands, aid in scientific research, and enhance biodiversity,
NATO Intern Detained for Espionage Suspicions
The intern, a Canadian of Chinese descent, “had come to the attention” of SHAPE’s securit
US-India Bilateral Trade in Spotlight Amid Ongoing Talks Post New US Tariffs
New Delhi, July 25 Eurotoday Newspaper — US India bilateral trade remains on the diplomatic agenda after India confirmed it will continue discussions with the United States following the introduction of new US tariff measures. The Indian government said negotiations toward a broader trade agreement will continue despite the latest trade restrictions.
India Maintains Trade Negotiations with US
In
Ebola Outbreak in the Democratic Republic of the Congo and Uganda
Record-breaking Wildfires Scorch Nearly 100,000 Hectares in France, Interior Minister Reports
French President Emmanuel Macron announced on Friday the activation of an EU emergency mechanism, leading countries like Portugal, Croatia, Slovakia, and Sweden to send aircraft to aid France.
“Europe stands with France an
Swiss Dairy Industry Explores New Export Markets Following US Tariff Impact on Cheese Sales
Bern, Switzerland, July 25 Eurotoday Newspaper — Swiss dairy industry producers are searching for new international markets after fresh US tariff measures created challenges for one of Switzerland’s most valuable food exports. Cheesemakers are increasing efforts to strengthen sales across Europe, Asia and the Middle East while continuing to support long-standing business relationships with Ameri
Migrant Smuggling Network Using Rental Cars Dismantled Across the Balkans – Seven Suspects Arrested in Europol-Supported Operation Targeting Organized Crime Group Transporting Migrants to Italy | Europol
Romanian Airspace Breached Twice in Two Days
On Saturday morning, Romanian radar detected another unauthorized drone near the Ukrainian border, which was shot down by two Romanian F-16 jets in an unpopulated area close to the border, according to the Romanian defense ministry. Romania had already shot down another drone on Friday.
Russian Missile Strike at Defense Exhibition in Ukraine Leaves 10 Dead
Kyiv Region, Ukraine, July 24 Eurotoday — Defence exhibition attack claimed the lives of at least 10 people after a Russian ballistic missile struck a defence industry event in Ukraine’s Kyiv region on Friday. Nearly 100 others were injured in the attack, according to Ukrainian officials, who said emergency teams were deployed immediately while investigators launched inquiries into both the miss
Leave a Reply