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
Germany Increases Defense Spending in New Budget Plan Before NATO Summit
The 2027 spending plan was released before the upcoming NATO summit in Ankara, where European leaders aim to persuade U.S. President Don
Press Releases vs. Digital PR: Understanding the Modern Business Difference
London, July 06, 2026 – Eurotoday Newspaper — Press Releases vs Digital PR is drawing increased attention as businesses shift toward modern communication strategies that improve media visibility and online authority. Marketing professionals say companies are increasingly combining traditional press releases with digital PR campaigns to reach wider audiences and strengthen their search presence.
The Myth of Toyota’s Reliability: How a Brand-New Hybrid Left Me Stranded, and Why Japan’s Response Broke My Trust
Introduction:
For decades, Toyota has rested comfortably on a hard-earned reputation for bulletproof reliability. But for Valerii S., a
Article 7 – Hungary’s Rule of Law Reset Must Reach Its Privacy Watchdog
EU Urges ‘Fair Play’ Following Trump’s World Cup Intervention
US Supreme Court to Review Gun, LGBT, and Voting Rights Cases in 2026 Term
Washington, D.C., July 05, 2026 – Eurotoday Newspaper — US Supreme Court next term will feature several high-profile cases involving gun regulations, LGBT rights, and voting laws, setting the stage for another consequential year at the nation’s highest court. The justices agreed to hear appeals that could clarify constitutional questions affecting states, public agencies, and millions of America
El Niño Expected to Intensify, Raising Likelihood of Extreme Weather
Key points
El Niño has developed in tropical Pacific
Rapid development expected from July to September
El Niño typically peaks between November and February
Countries urged to act on WMO warning, to save lives
Zelenskyy Urges Western Support Following Russian Strikes That Kill 11 in Kyiv
“The United States and Europe have enough strength to stop this terror,
Regional Trade Rebounds as Iran and Qatar Renew Maritime Commerce
Sarhan Basem is Eurotoday’s Senior Correspondent to the European Parliament. With a Bachelor’s degree in English Literature, Sarhan brings a unique blend of linguistic finesse and analytical prowess to his reporting. Specializing in foreign affairs, human rights, civil liberties, and security issues, he delves deep into the intricacies of global politics to provide insightful comment
Leave a Reply