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AML: key success factors needed to boost EU effectiveness

Day 1 Morning

Wednesday 21 February

Room :



Marcus Pleyer
Deputy Director General - Federal Ministry of Finance, Germany
Public Authorities
Kenneth Farrugia
Chief Executive Officer - Malta Financial Services Authority (MFSA)
Aymeric Pontvianne
Head of Economic Analysis - Commission Nationale Informatique & Libertés (CNIL)
Andreas Schirk
Head of Division, Prevention of Money Laundering and Terrorism Financing - Austrian Financial Market Authority
Ante Žigman
President of the Board - Croatian Financial Services Supervisory Agency (HANFA-CFSSA)
Industry Representatives
Jean Hilgers
Senior Advisor - Deloitte Belgium
Philippe Vollot
Managing Board Member & Chief Financial Economic Crime Officer - Rabobank


In the context of new EU legislation and supervision, achieving an effective breakthrough in Anti-Money Laundering (AML) requires gathering key success factors across various areas. A central pillar of success lies in the set-up of the AML Authority (AMLA) which raises many challenges.

AMLA must efficiently identify high-risk institutions and entities, cover the entire internal market, and focus on riskier and cross-border activities. Additionally, AMLA should foster greater collaboration through joint analysis, enhancing information exchange, and making cooperation and information sharing paramount. Leveraging intelligence-led approaches involving technology is expected to significantly bolster AML/CFT efforts.

Achieving these ambitions will require major changes in organization and responsibilities, the creation of communication channels, and the definition of new modes of cooperation. Balancing data protection and privacy with intelligence sharing remains a challenge.

In such a context the likely introduction of a digital euro provides the opportunity to start clarifying the demand of EU citizens regarding privacy, the specificities of digital currencies vis-a-vis physical ones, and the role and challenges raised by the technology involved.

The session is dedicated to finding out the main areas requiring early preparation among existing AML or Financial Intelligence entities in the perspective of the launching of the AMLA, as well as the conditions for combining privacy and efficient AML in the context of an ever-increasing digitalization of transactions.

Points of discussion

  1. What preliminary work is necessary to prepare for the launch of the AMLA?
  2. What are then challenges illustrated by the digital euro, in terms of both AML, data privacy and authorities’ cooperation, raised by the context of the increasing digitisation of retail payments?