Bruna Szego Named Chair of EU Anti-Money Laundering Authority

Strasbourg (Eurotoday) – Bruna Szego, selected as chair of the EU’s Anti-Money Laundering Authority, won despite lacking backing from major groups.

What makes Bruna Szego a strong fit for AMLA leadership?When will the EU’s new AMLA rules take effect?

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”

  1. 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? 😂

  2. 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! 🍿

  3. Twix Esses Avatar

    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. 🍝💸

Leave a Reply

Your email address will not be published. Required fields are marked *

Last News

Pashinyan and Putin Discuss Lifting Russian Restrictions on Armenian Exports

Pashinyan and Putin Discuss Lifting Russian Restrictions on Armenian Exports

Yekaterinburg, Russia, July 27 Eurotoday Newspaper — Pashinyan Putin meeting discussions centered on Armenia’s request for Russia to remove restrictions affecting Armenian exports. Prime Minister Nikol Pashinyan urged President Vladimir Putin to help resolve trade barriers that have disrupted shipments of agricultural goods and other products to Russia, Armenia’s largest export market.
Trade Tal

Read More

Kadyrov Addresses Chechnya Food Shortage Rumors

Kadyrov Addresses Chechnya Food Shortage Rumors

The necessary equipment and resources are in use.
Claims of food and essential goods shortages in the Chechen Republic are untrue, and efforts to create panic are bound to fail, stated Chechen leader Ramzan Kadyrov.
Kadyrov mentioned that online rumors are spreading from those looking to cause disruption about upcoming shortages of essential items and food in the Chechen Republic.
“This inf

Read More

Can Europe Combat Fires of This Magnitude?

Can Europe Combat Fires of This Magnitude?

Wildfires sweeping across France and Spain have displaced over 300,000 people and pushed national firefighting services to their limits. Zoya Sheftalovich and Ian Wishart examine the EU’s aid through its Civil Protection Mechanism and rescEU emergency reserve, noting that even dozens more firefighting planes would fall short without significant investment in prevention strategies.
Meanwhile,

Read More

Transportation Safety Board Calls on Congress to Enact Aviation Safety Legislation

Transportation Safety Board Calls on Congress to Enact Aviation Safety Legislation

Washington, D.C., July 27 Eurotoday Newspaper — Transportation safety board officials have called on Congress to approve aviation safety legislation designed to strengthen federal oversight and improve implementation of safety recommendations. The appeal comes as lawmakers continue reviewing aviation policy and funding priorities while the aviation industry adapts to growing passenger demand and

Read More

Polanski’s Greens Prepare for the ‘Burnham Bounce’

Polanski’s Greens Prepare for the ‘Burnham Bounce’

In Gorton and Denton, where the Greens overturned Labour’s 2024 majority of 13,415 at a by-election in February, campaigners claimed that opposing “cruel” immigration policies attracted votes.
Kerry McCarthy, the Labour MP for Bristol East, a Green target for the next election, stated that Home Secretary Shabana Mahmood’s immigration reforms — including changes to indefinite leave to r

Read More

Haiti Electoral Council Announces December Date for Postponed Presidential Election

Haiti Electoral Council Announces December Date for Postponed Presidential Election

Port-au-Prince, Haiti, July 27 Eurotoday Newspaper — Haiti electoral council has officially scheduled the country’s long-delayed presidential election for December, marking a significant milestone in efforts to restore democratic leadership after years of political instability. The announcement provides the first clear electoral timetable since Haiti entered a prolonged political transition foll

Read More

Burnham Embraces Zelenskyy in Debut on Global Stage

Burnham Embraces Zelenskyy in Debut on Global Stage

“We will build this and address the various issues that President Zelenskyy has, many of which we’ve explored today,” Burnham stated.
The meeting coincided with Britain’s announcement to share intellectual property to assist Kyiv’s war effort.
The new prime minister revealed that the U.K. will provide its “Stone Cloak” electronic warfare system — devices mounted on drones to aid in eva

Read More

UN Human Rights Council: Venezuela’s ICC Withdrawal Hinders Accountability

UN Human Rights Council: Venezuela’s ICC Withdrawal Hinders Accountability

Geneva, July 27 Eurotoday Newspaper — UN human rights council investigators have warned that Venezuela’s decision to withdraw from theInternational Criminal Court (ICC) could weaken international efforts to ensure accountability for alleged human rights violations. The UN-backed Independent International Fact-Finding Mission said the move may reduce access to international justice for victims wh

Read More

Italian Police Raid Offices of Bulgari and Chanel

Italian Police Raid Offices of Bulgari and Chanel

Last week, Italian police raided the offices of several luxury brands, such as Bulgari and Chanel, due to suspicions of using subcontractors to employ Chinese workers under exploitative conditions, according to a prosecutor.
Raided companies also include Brunello Cucinelli, Etro, Goyard Italia, Jacob Cohen Company, Moncler, and Stefano Ricci, as confirmed by Milan prosecutor Paolo Storari to AFP

Read More

Romania Condemns Russia for Weekend Drone Violations

Romania Condemns Russia for Weekend Drone Violations

Romanian Foreign Minister Oana Țoiu reported that the aircraft were “Shahed-type drones” deployed by Russia. They likely entered Romanian airspace during Russian strikes on Ukraine’s ports in the Odesa region near Romania’s southeastern border. President Nicușor Dan labeled these repeated intrusions as “inadmissible and intolerable,” stating that they breached Romania

Read More