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
Blair Advises Burnham: Popularity May Not Follow
With additional time in Paris for Bastille Day celebrations and a potential trip to the World Cup final in the US, Starmer is concluding his tenure on the global stage – perhaps his comfort zone.
In Westminster, prime minister-in-waiting Andy Burnham intensifies government preparation, promisin
Mylan Intends to Divest Up to $363 Million Stake in India’s Biocon
Bengaluru, July 13 Brussels Morning Newspaper – Mylan Biocon stake sale has moved into focus after a term sheet showed Mylan plans to sell shares worth up to $363 million in Indian biopharmaceutical company Biocon. The proposed transaction is expected to take place through a block deal, allowing institutional investors to purchase a significant portion of the company’s publicly traded shares.
M
A ‘Super Tuesday’ for an Expanded EU
Brazil’s Economy Forecast Predicts Moderate Growth After October Presidential Election
São Paulo, July 13 Eurotoday Newspaper – Brazil economy forecast remains positive as economists expect the country’s economy to grow at a moderate pace following the October presidential election. Analysts believe stable domestic demand, improving investment conditions and easing inflation could support continued economic expansion, although fiscal policy and global market uncertainty remain ke
Sinner Establishes Wimbledon Benchmark
UK Police Arrest 12 in Far-Right Terrorism Investigation
London, July 13 Eurotoday Newspaper – UK police arrests dominated headlines after counterterrorism officers detained 12 people during an investigation into suspected extreme right-wing terrorism. Authorities said the operation followed intelligence linked to an alleged threat against an Islamic event. Officers carried out coordinated searches across several locations while detectives continued g
Europeans Join Kyiv in Developing Indigenous Missile Defense
This system is meant to integrate within NATO-standard radars, command centers, and data links of the participatin
EU Secures Enhanced Passenger Rights
ICE-Involved Shooting in Maine Results in One Death as Investigation Starts
Biddeford, Maine, July 13 Eurotoday Newspaper – ICE-involved shooting in Maine is under investigation after one person was killed during an incident involving federal immigration authorities in Biddeford on Monday. State and local officials confirmed the fatal shooting while emphasizing that the investigation remains in its early stages.
Authorities Confirm Fatal Incident
Emergency responders, l
Russia Sanctions Package Deadline Pushed to Wednesday
The 21st sanctions package has been diluted in recent weeks, with a proposed ban on Russian fish exports removed over the weekend. Restrictions on EU visas for former soldi
Leave a Reply