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
Keir Starmer Prepares for a Grueling Week
Sarwar has already urged Starmer to step down. He made this appeal in February, seeking to mitigate the damage in Scotland by bringing in a new PM in Wes
Mali Conflict Update: Attacks Intensify Across Sahel Region, Bamako 2026
The
Rubio to meet with Pope Leo, Meloni, and Italian ministers in Rome
Rubio previously met Leo alongside Vice President JD Vance in May 2025 following the pope’s inaugural Mass in St. Peter’s Square.
Germany Urges Europe to Learn from Ukraine’s Drone Warfare Successes
Drones, as demonstrated by Ukraine, can be produced swiftly and are effective against more costly technologies.
UK Mortgage Rates Update: Borrowing Costs Shift as Housing Demand Sustains London 2026
EU Commission Blocks Funding for Huawei Solar Technology
The EU has been concerned about Huawei and ZTE’s roles in 5G networks and is urging EU members to remove them from telecom networks, aiming to make this move mandatory.
Concerns have recently arisen regarding Huawei’s dominance in the s
US Approves Israel’s Purchase of F-35 and F-15I Jets Amid Rising Tensions in 2026
The agreement includes additional units of
From Unipolarity to Multipolar Reality: A New World Order is Emerging
Bashy QuraishySecretary Genera
Europe Fears Putin’s ‘Window of Opportunity’ Has Arrived
Instead, they believe Putin is more likely to eng
Leave a Reply