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
Bangladesh Seeks Improved Climate for India Visit Amid Hasina Dispute
Dhaka, 16 August (Eurotoday Newspaper) Bangladesh has put fresh conditions around Prime Minister Tarique Rahman’s proposed visit to India, saying the diplomatic atmosphere must improve as Dhaka waits for New Delhi to act on requests to extradite former prime minister Sheikh Hasina and other fugitives. The intervention leaves Bangladesh India relations at a delicate point despite weeks of contact
Germany reconsiders law shielding politicians from insults
“Top politicians must endure tough criticism,” he stated. “In our democracy, it is essential to freely discuss and harshly criticize political decisions at both federal and state levels. Insults in politics shouldn’t be normalized, but there are
Ceuta : ce n’est plus seulement une crise migratoire, c’est une crise de confiance au Maroc – Tribune d’Isaac Hammouch
Fraud Arrest Disrupts European Athletics Championships in Birmingham
Birmingham, 16 August (Eurotoday) A man has been arrested on suspicion of fraud after a Birmingham stadium security operation disrupted the European Athletics Championships at Alexander Stadium, leaving athletes and spectators facing delays and forcing six medal ceremonies to be postponed.
West Midlands Police said concerns were raised at about 8.15pm on Saturday after a man in his 30s was found
Warum wir den Islamismus unterschätzen – mit Gülden Hennemann
Rixa Fürsen spricht mit Extremismus-Expertin Gülden Hennemann über die Frage, wie ein polizeibekannter Gefährder das islamistische Attentat in Berlin auf den CSD verüben konnte. Die Analyse beleuchtet mögliche Versäumnisse der Behörden und die Gründe, warum die Bedrohung durch Islamismus oft unterschätzt wird.
Arsenal Defeats Manchester City 3-0 to Claim Community Shield
Cardiff, 16 August (Brussles Morning Newspaper) Arsenal have won the Community Shield after a commanding 3-0 victory over Manchester City at the Principality Stadium, giving Mikel Arteta’s side the first major domestic silverware of the new season. The Arsenal Community Shield success came through goals from Riccardo Calafiori, Kai Havertz and captain Martin Ødegaard.
Arsenal made an extraordina
Belgium Confronts Record Wildfire, Seeks European Air Support
Apostolović Sets Serbia’s Reform Deadline Before Brussels
12 Dead as Polish Pilgrimage Bus Overturns in Hungary
According to Hungarian news agency MTI, the bus had 57 passengers and two drivers. Emergency services tried to lift the rear axle of the 24-ton vehicle to rescue those trapped b
Europe Intensifies Engagement with Taliban
On 15 Augus
Leave a Reply