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

La boîte noire qui a brisé les secrets du Makhzen: Ahmed Boukhari et le prix de la vérité au Maroc

La boîte noire qui a brisé les secrets du Makhzen: Ahmed Boukhari et le prix de la vérité au Maroc

Par : Isaac Hammouch
Écrivain et journaliste belge d’origine marocaine
Tout au long de l’histoire des États autoritaires, certains hommes ont été façonnés pour être des gardiens de secrets. Choisis avec minutie, entraînés à garder le silence, ces hommes demeurent dans l’ombre, exécutant les ordres sans laisser de traces. Ahmed Boukhari était l’un de ces hommes. Plus qu’un simple officier de rense

Read More

Former European Parliament President Klaus Hänsch has died

Former European Parliament President Klaus Hänsch has died

Former European Parliament President Klaus Hänsch has passed away, as confirmed by current Parliament President Roberta Metsola on Wednesday.
“His Parliament mourns the loss of a champion of Europe, who took office during a time of profound change for our continent, and who always believed in the potential of this project,” Metsola stated in a social media post.
“At our last meet

Read More

Bible Dictionary (H)

Bible Dictionary (H)

Habakkuk
Habakkuk (Hebrew: חֲבַקּוּק – Ḥavaqquq; Greek: Ἀμβακοὺμ) is among the twelve minor prophets in the Old Testament and the author of the book bearing his name. His Hebrew name Ḥavaqquq means “embrace” or “beloved”, transcribed as Ambakoúm in the Septuagint. The Bible does not specify his birth details, but tradition suggests he lived in Judea, likely Jerusalem, between 714–700 BC, alongsid

Read More

Europe has the defense budget; the real challenge is delivery.

Europe has the defense budget; the real challenge is delivery.

Four strategies could accelerate Europe’s progress.
The first is adopting multi-speed procurement. Software-driven systems like drones improve rapidly and require procurement that matches this pace. Israel’s Iron Dome began with limited capabilities and continuously improved. European defense ministries have established high-speed procurement units with dedicated teams and higher risk

Read More

Hospitality Faces a Profitability Challenge, Not a VAT Issue

Hospitality Faces a Profitability Challenge, Not a VAT Issue

Every few years, the hospitality industry returns to the same debate: reduce VAT, cut tax and save restaurants.
A lower rate of VAT would undoubtedly help many businesses, but after operating restaurants every day I believe we are asking the wrong question.
The real issue is not how much tax restaurants pay. It is whether many restaurants are commercially viable before tax is even calculated. Th

Read More

EU Launches Public Consultation for Major Education Reform

EU Launches Public Consultation for Major Education Reform

The European Commission initiated a Call for Evidence to collect public feedback in preparation for a new Education Package, expected to be revealed in November, according to the European Education Area office announcement on July 30. This consultation is the first official step toward potentially one of the bloc’s most significant education policy updates in recent years.
Three Pillars of

Read More

Spain’s Concerns Over Its Isolated African Territories

Spain’s Concerns Over Its Isolated African Territories

“We should strive to maintain friendly relations with Morocco,” he stated. “However, it is crucial that even friends recognize there are boundaries that must not be crossed.”
Colonial Legacies
Ceuta and Melilla are among the last remnants of the extensive Spanish Empire. They have been under Madrid’s administration since 1668 and 1497, respectively, and are fully integrated within Spain and the Eu

Read More

App Provides Opportunity to Explore and Stay Fit

App Provides Opportunity to Explore and Stay Fit

A retired telecoms worker from Belgium is among those behind an innovative smartphone app  that aims to keep you fit and discover “hidden gems” all over the world.
Philippe Pleckspaen helped launch “Jooks”, an application that helps you navigate your way around a locality, spotlighting places of interest.
The idea is that users do this while running or cycling at the same time but the device can

Read More

Bible Dictionary, Volume 2

Bible Dictionary, Volume 2

Akeldama Field of Blood
Akeldama (Aramaic: חֲקַל דְּמָא — Hăqal Dəmā’, Greek: Ἁκελδαμά), or Field of Blood, is the place in Jerusalem where, according to the New Testament, Judas Iscariot was buried or where a field was purchased with the money he received for betraying Jesus Christ. The name comes from Aramaic and means “field of blood”.
Usage in Scripture: In Matthew 27:3–8, after betraying Je

Read More

Former Kyiv Commander Says NATO is Outdated for Ukraine

Former Kyiv Commander Says NATO is Outdated for Ukraine

Russia has significantly altered its military forces due to war pressures, causing concern among politicians and intelligence officials that it might attack a NATO country by decade’s end.
Zaluzhnyi’s unusual criticism highlights a shift in the alliance’s relationship with Ukraine. The nation has evolved from depending on European military aid in the early war years to becoming o

Read More