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

Zelenskyy Removes Fedorov as Defense Minister in Ukraine Government Reshuffle

Zelenskyy Removes Fedorov as Defense Minister in Ukraine Government Reshuffle

Fedorov announced his resignation in a Facebook post, saying he will continue focusing on asymmetry, innovation, and organizational strength to defeat the enemy. At 35, Fedorov served as a reformer in his half-year role, bringing private-sector efficiency to Ukraine’s military. His attempts to cut corruption, overhaul the tendering process, and enhance drone technology were at odds with Comm

Read More

Europe Rediscovers Traditional Heat Remedies

Europe Rediscovers Traditional Heat Remedies

France has been experiencing extreme heat, with temperatures surpassing 40°C, and air conditioners are uncommon. However, the country employs innovative cooling methods, including the use of the Seine’s waters. These waters are cooled in specialized facilities, then circulated beneath streets to reach public buildings, offices, shopping centers, and museums, as reported by Bloomberg.
Fraich

Read More

Family Reports: Briton Jailed in Iran Receives Additional Two-Year Sentence

Family Reports: Briton Jailed in Iran Receives Additional Two-Year Sentence

London, July 15 Brussels Morning Newspaper – Iran espionage charges are once again drawing international attention after British citizen Craig Foreman was reportedly handed an additional two-year prison sentence while serving an earlier 10-year term in Iran. His family said the latest sentence followed a court hearing where he allegedly had no lawyer or translator, raising renewed concerns over

Read More

EU Migration Funding Shifts Towards Rights Issues

EU Migration Funding Shifts Towards Rights Issues

The Council of the EU has determined its stance for negotiations on future funding rules related to migration, border management, and internal security, advancing a contentious section of the bloc’s forthcoming long-term budget into official discussions with the European Parliament. The decision transcends financial aspects, influencing how Europe will implement its new asylum system, handle exte

Read More

EU Fails to Reach Russia Sanctions Deal After Three Days of Talks

EU Fails to Reach Russia Sanctions Deal After Three Days of Talks

Without another extension next week, the cap will automatically rise because oil prices have increased due to the war in Iran — benefiting Russian President Vladimir Putin. The European Commission is legally required to recalculate the price ceiling after July 15, but the new cap would take effect only on August 1, allowing the executive some flexibility.
For the third consecutive day, EU minister

Read More

Peru Congress Approves Budget with $2.8 Billion Increase Before Fujimori Transition

Peru Congress Approves Budget with $2.8 Billion Increase Before Fujimori Transition

Lima, July 15 Eurotoday Newspaper – Peru Congress budget legislation moved forward after lawmakers approved an additional $2.8 billion in public spending ahead of the expected transition to President-elect Keiko Fujimori’s administration. The supplemental funding is intended to ensure uninterrupted government operations while supporting key sectors such as healthcare, education, infrastructure,

Read More

Spain Reaches Final by Seizing the Moment

Spain Reaches Final by Seizing the Moment

A 2-0 Semi-Final Victory Over France Sends Spain to the World Cup Final
Spain is one match away from claiming a second men’s World Cup title after a composed 2-0 semi-final win against France in Dallas. Mikel Oyarzabal and Pedro Porro turned tactical dominance into a spot in the final. The victory carries not just sporting significance, but also a broader European message: Spain’s youth, pa

Read More

Merz to MAGA: Stay Out of Europe’s Elections

Merz to MAGA: Stay Out of Europe’s Elections

The U.S. State Department on Monday initiated a nearly $5 million funding program aimed at enhancing democratic resilience, the rule of law, freedom of speech and press, and human rights protection in Europe. Recipients should tackle issues like national sovereignty, migration, censorship, and lawfare, aligning with shared political philosophies and Western heritage.
The Financial Times initially

Read More

Turkey’s Ousted Opposition Leader Prepares for Potential New Party Amid Political Crisis

Turkey’s Ousted Opposition Leader Prepares for Potential New Party Amid Political Crisis

Istanbul, July 15 Eurotoday Newspaper – Turkey opposition crisis intensified after ousted Republican People’s Party (CHP) leader Özgür Özel confirmed that preparations are underway for a possible new political party if legal efforts to regain leadership do not succeed. His comments come as Turkey’s main opposition continues to face internal divisions following a court ruling that overturned the

Read More

EU Approves Extra Quota for 35,000 Tonnes of Mexican Honey

EU Approves Extra Quota for 35,000 Tonnes of Mexican Honey

After the European Parliament approved the updated trade deal between the EU and Mexico, Copa and Cogeca, representing European farmers and agricultural cooperatives, highlighted the new opportunities for EU agri-food exports presented by the agreement. They emphasized that its success relies on effective implementation and strict monitoring.
The organizations noted the potential for increased ma

Read More