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
Le parquet de Paris ouvre une enquête sur le site “libertin” Wyylde
Maersk Halts Chornomorsk Fishing Port Service Following Russian Attacks in Global Shipping News
Kyiv, July 22 Eurotoday — Global shipping news remains focused on the Black Sea after Maersk suspended services through Ukraine’s Chornomorsk Fishing Port following intensified Russian attacks on port infrastructure. The move reflects growing security concerns for international shipping companies operating in the region and is expected to affect cargo movements until conditions improve.
Maersk S
Austria Converts Hitler’s Birthplace into Police Station
Concerns Over Extreme Heat in France as Rome Offers Free Cinemas to Escape Summer Temperatures
Rome, July 22 Eurotoday Newspaper — Rome free cinema screenings will be offered across the Italian capital as city officials introduce a new measure to help residents escape soaring summer temperatures. The initiative allows people to watch films free of charge in air-conditioned cinemas during the hottest parts of the day, providing relief while Europe continues to experience prolonged heatwave
Brussels Targets Google — Potentially Huge Costs Ahead
Number of Russians Who Purchased the New Volga
The flagship Volga K50 crossover is the top choice, with 55 units registered. It comes in three trims, priced from 4,344,900 rubles (around 48,300 euros) to 4,799,000
MCC Brussels at Three: A Contested Voice in Europe’s Political Debate
The Brussels-based institution is part of the wider Mathias Corvinus Collegium (MCC), a Hungarian educational and research organisation. Since its establishment in Brussels, it has sought
NATO Approves €27 Billion Overhaul of Cold War-Era Fuel Network
Countries have been negotiating for months on the overhaul of the alliance’s 10,000-kilometer Cold War-era pipeline network, intended to connect NATO
UK Joins Ukraine Loan Framework
EU Approves UK’s Role in Ukraine Loan, Linking Security Cooperation to Oversight
EU countries have agreed to the UK’s involvement in the €90 billion Ukraine Support Loan, expanding Kyiv’s financial resources and supplier access for maintaining public services and civilian protection through 2026 and 2027. This move, announced in Brussels, is part of rebuilding EU-UK security ties centered on Ukr
Leave a Reply