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

Burnham Embraces Zelenskyy in Debut on Global Stage

Burnham Embraces Zelenskyy in Debut on Global Stage

“We will build this and address the various issues that President Zelenskyy has, many of which we’ve explored today,” Burnham stated.
The meeting coincided with Britain’s announcement to share intellectual property to assist Kyiv’s war effort.
The new prime minister revealed that the U.K. will provide its “Stone Cloak” electronic warfare system — devices mounted on drones to aid in eva

Read More

UN Human Rights Council: Venezuela’s ICC Withdrawal Hinders Accountability

UN Human Rights Council: Venezuela’s ICC Withdrawal Hinders Accountability

Geneva, July 27 Eurotoday Newspaper — UN human rights council investigators have warned that Venezuela’s decision to withdraw from theInternational Criminal Court (ICC) could weaken international efforts to ensure accountability for alleged human rights violations. The UN-backed Independent International Fact-Finding Mission said the move may reduce access to international justice for victims wh

Read More

Italian Police Raid Offices of Bulgari and Chanel

Italian Police Raid Offices of Bulgari and Chanel

Last week, Italian police raided the offices of several luxury brands, such as Bulgari and Chanel, due to suspicions of using subcontractors to employ Chinese workers under exploitative conditions, according to a prosecutor.
Raided companies also include Brunello Cucinelli, Etro, Goyard Italia, Jacob Cohen Company, Moncler, and Stefano Ricci, as confirmed by Milan prosecutor Paolo Storari to AFP

Read More

Romania Condemns Russia for Weekend Drone Violations

Romania Condemns Russia for Weekend Drone Violations

Romanian Foreign Minister Oana Țoiu reported that the aircraft were “Shahed-type drones” deployed by Russia. They likely entered Romanian airspace during Russian strikes on Ukraine’s ports in the Odesa region near Romania’s southeastern border. President Nicușor Dan labeled these repeated intrusions as “inadmissible and intolerable,” stating that they breached Romania

Read More

Keiko Fujimori’s Cabinet Takes Shape with Key Ministerial Appointments in Peru

Keiko Fujimori’s Cabinet Takes Shape with Key Ministerial Appointments in Peru

Lima, July 27 Eurotoday Newspaper — Keiko Fujimori cabinet appointments have begun taking shape after Peru’s president-elect announced the first senior ministers who will join her incoming administration. The appointments, made ahead of Tuesday’s inauguration, include Luis Galarreta as Prime Minister, Elmer Cuba as Economy Minister and Carlos Espa as Foreign Minister. The selections provide an e

Read More

Brussels Provides Clarity on State Aid for Social Investment

Brussels Provides Clarity on State Aid for Social Investment

New Commission guidance frames subsidy control as a tool for housing, care, skills and clean public services
The European Commission has clarified how EU State aid rules can support social and public-interest investments, ensuring that subsidy control doesn’t hinder housing, care, training, or clean infrastructure if support is targeted and transparent.
The guidance, announced in Brussels

Read More

Trump Rekindles Tariff Dispute

Trump Rekindles Tariff Dispute

Icelanders are voting on whether to restart accession talks with the European Union, reopening a debate influenced by security concerns, economic uncertainty, and the question of who controls the country’s fishing waters.
Zoya Sheftalovich and Kathryn Carlson also examine Donald Trump’s threat of new tariffs following the EU’s €890 million fine on Google, and its potential impact on the fragile Tu

Read More

Donald Trump Pardon Update: Hernández Returns to Honduras Following U.S. Clemency

Donald Trump Pardon Update: Hernández Returns to Honduras Following U.S. Clemency

Tegucigalpa, Honduras, July 26 Eurotoday Newspaper — Donald Trump pardon news remains in focus as former Honduran President Juan Orlando Hernández prepares to return home after receiving a presidential pardon from U.S. President Donald Trump. The former leader is expected to arrive in Honduras before appearing in court over separate fraud and money laundering allegations that are still pending u

Read More

Portugal Initiates Its Lobby Register Era

Portugal Initiates Its Lobby Register Era

New transparency rules take effect as Lisbon faces a sharper public debate over influence, access and integrity in government
Portugal’s first lobbying transparency law came into effect on Monday, marking a new phase in the country’s effort to make political influence more visible. The reform establishes a public register for interest representation and new disclosure duties for cont

Read More

What Changes Will Burnham Actually Make?

What Changes Will Burnham Actually Make?

Andy Burnham entered office with promises of the most significant change in Britain in four decades. However, one week into his leadership, is Britain witnessing true transformation or merely a different political approach?
As Burnham reveals proposals on social care, devolution, and welfare, Sam and Anne question the magnitude of Burnham’s announced policies. Is this merely a continuation o

Read More