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
ICICI Prudential Profit Growth Boosts India Insurance Sector
Mumbai, July 15 Eurotoday Newspaper — India insurance sector remained in the spotlight after ICICI Prudential Life Insurance reported a sharp rise in quarterly profit, fueled by strong premium growth and steady demand for protection and savings products. The insurer’s latest earnings reflect continued resilience in India’s life insurance market as customers increasingly prioritize long-term fina
Parliament Recess: The Plotting Commences.
As they reconvene on August 31, lawmakers will immediately plunge into negotiations related to Parliament’s significant midterm reshuffle. Zoya Sheftalovich and Ian Wishart explore the behind-the-scenes maneuvering.
Additionally, Europe seeks to li
Innovative Olive Pit Asphalt Cuts Emissions
This initiative is part of the “Street of the 21st Century” municipal program, spearheaded by the Barcelona City Council, the BI
Apple Intelligence AI Service Registered with China’s Cyberspace Regulator
Beijing, July 15 Eurotoday Newspaper – Apple generative AI has reached an important milestone after Apple Intelligence was registered with China’s cyberspace regulator, a move that could pave the way for the company’s AI-powered features to launch in mainland China. The registration reflects Apple’s efforts to comply with China’s strict artificial intelligence regulations while expanding its lat
Zelenskyy Removes Fedorov as Defense Minister in Ukraine Government Reshuffle
Europe Rediscovers Traditional Heat Remedies
Fraich
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
EU Migration Funding Shifts Towards Rights Issues
EU Fails to Reach Russia Sanctions Deal After Three Days of Talks
For the third consecutive day, EU minister
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,
Leave a Reply