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

German Anti-Terror Police Investigate Explosive Drone Discovered at Leipzig Airport

German Anti-Terror Police Investigate Explosive Drone Discovered at Leipzig Airport

Officials disclosed to WELT, part of the Axel Springer group like POLITICO, that the drone’s detonator failed, averting an explosion. The drone was discovered near a Ukrainian Antonov transport aircraft and contained Semtex, the same explosive used in the 1988 bombing of Pan Am Flight 103 over Lockerbie, which killed 259 people on board and 11 on the ground.
Leipzig airport serves as a base

Read More

Local Leaders’ Alliance Warns Ukraine Reconstruction Funds May Bypass Cities and Regions

Local Leaders’ Alliance Warns Ukraine Reconstruction Funds May Bypass Cities and Regions

Gdańsk/Brussels (European Newsroom) – Ukrainian cities and regions may risk exclusion from decisions regarding the allocation of billions in reconstruction funds unless they are granted a significant role in the planning, governance, and execution of such support, a joint statement by the European Alliance of Cities and Regions for the Reconstruction of Ukraine has warned.
During a meeting at the

Read More

Mohawk and Oneida Clans Awarded Unanimous Member Nation Status in FANA

Mohawk and Oneida Clans Awarded Unanimous Member Nation Status in FANA

The tenor of inter-Nation diplomacy between locales of the Haudenosaunee Confederacy and the Delaware Nation has reached a significant milestone through the continued exercise of longstanding traditions. These bodies politic share a unique and complex history, shaped by political and legal harmonization through traditional Longhouse systems and, in the context of the Delaware Nation, the Big Hou

Read More

EBA, EIOPA, and ESMA Urge Stronger Governance and Uniform Supervision to Manage ICT Risks from Cutting-Edge AI Models in EU Financial Sector

EBA, EIOPA, and ESMA Urge Stronger Governance and Uniform Supervision to Manage ICT Risks from Cutting-Edge AI Models in EU Financial Sector

The European Supervisory Authorities (EBA, EIOPA, and ESMA – the ESAs) have released a statement advocating for a cross-sectoral, risk-based, and consistent supervisory strategy to address ICT risks from frontier AI models.
The statement considers current regulatory frameworks, the European Commission’s Cybersecurity and Artificial Intelligence Action Plan, and updates from the European Systemi

Read More

Washington Delays Approval of France’s US Ambassador Pick Due to Human Rights Dispute

Washington Delays Approval of France’s US Ambassador Pick Due to Human Rights Dispute

Trump’s participation in the June G7 summit in Evian was highlighted as a significant moment in the relationship, with the U.S. president showing support for Ukraine and extending his visit to France to join Macron and his wife for dinner at Versailles Palace.
“We have our ups and downs in our relationship with the U.S.,” said a former French official, staying informed on the transatlantic r

Read More

EU Development Bank Set to Increase Defence Financing

EU Development Bank Set to Increase Defence Financing

Luxembourg (enr) – The European Investment Bank (EIB) is set to meet and possibly surpass its goal of dedicating five percent of its financing in the European Union to security and defence projects this year, stated EIB President Nadia Calviño.
This allocation is estimated to be around 4.5 billion euros, according to the EU’s lending institution.
“It is evident that more investment in secur

Read More

La boîte noire qui a brisé les secrets du Makhzen: Ahmed Boukhari et le prix de la vérité au Maroc

La boîte noire qui a brisé les secrets du Makhzen: Ahmed Boukhari et le prix de la vérité au Maroc

Par : Isaac Hammouch
Écrivain et journaliste belge d’origine marocaine
Tout au long de l’histoire des États autoritaires, certains hommes ont été façonnés pour être des gardiens de secrets. Choisis avec minutie, entraînés à garder le silence, ces hommes demeurent dans l’ombre, exécutant les ordres sans laisser de traces. Ahmed Boukhari était l’un de ces hommes. Plus qu’un simple officier de rense

Read More

Former European Parliament President Klaus Hänsch has died

Former European Parliament President Klaus Hänsch has died

Former European Parliament President Klaus Hänsch has passed away, as confirmed by current Parliament President Roberta Metsola on Wednesday.
“His Parliament mourns the loss of a champion of Europe, who took office during a time of profound change for our continent, and who always believed in the potential of this project,” Metsola stated in a social media post.
“At our last meet

Read More

Bible Dictionary (H)

Bible Dictionary (H)

Habakkuk
Habakkuk (Hebrew: חֲבַקּוּק – Ḥavaqquq; Greek: Ἀμβακοὺμ) is among the twelve minor prophets in the Old Testament and the author of the book bearing his name. His Hebrew name Ḥavaqquq means “embrace” or “beloved”, transcribed as Ambakoúm in the Septuagint. The Bible does not specify his birth details, but tradition suggests he lived in Judea, likely Jerusalem, between 714–700 BC, alongsid

Read More

Europe has the defense budget; the real challenge is delivery.

Europe has the defense budget; the real challenge is delivery.

Four strategies could accelerate Europe’s progress.
The first is adopting multi-speed procurement. Software-driven systems like drones improve rapidly and require procurement that matches this pace. Israel’s Iron Dome began with limited capabilities and continuously improved. European defense ministries have established high-speed procurement units with dedicated teams and higher risk

Read More