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
Top Industry Exec Says Europe Must Control AI for Defense
His remarks come ahead of the European Commission’s presentation of a major technological sovereignty package, tentatively scheduled for t
What to Do If Your Employer Doesn’t Pay You in Europe
Step 1: Confirm the delay and g
Italy’s defense minister fears nuclear escalation in Iran
Despite significant losses in leadership and missile capabilities due to the U.S. and Israel’s milita
Orbán’s Rival Magyar Criticizes JD Vance’s Hungary Visit as Election Meddling
Vance is not the first high-ranking U.S. official to visit Budapest before the election. His visit comes after Sec
Why EU Foreign Policy Faces Persistent Stalemates
Zoya Sheftalovich and Ian Wishart explore the mounting frustration with the EU’s method of crafting foreign policy, especially as disagreements arise regarding Ukraine funding, Russia sanctions, and the conflict in Iran. With Germany and Sweden spearheading efforts to discard the requirement for unanim
EU Foreign Policy Chaos Sparks Calls for Radical Diplomatic Overhaul
“We should abolish the unanimity principle in the EU in foreign and security policy before the end of the current legislative period to be better capable of acting internationally
Germany aims to amend contentious military registration law
Les coulisses de la victoire de Lille pour décrocher l’Autorité douanière européenne
2026 Hungary Election Highlights Semjén’s Religious Nationalism Initiative
EU Cautions Trump Against ‘Illegal’ Bombing of Iran’s Power Stations
“Praise be to Allah,” the president added. Experts and lawyers caution that international law forbids deliberately targeting c
Leave a Reply