Challenges raised by the set-up of the AMLA
Objectives The creation of the Anti-Money Laundering Authority (AMLA) marks a turning point in the EU’s fight against money laundering and terrorist financing. AMLA is expected to build a centralised, effective, and proportionate supervisory model while ensuring close coordination with NCAs and FIUs. Its set-up raises critical challenges: defining its direct supervisory scope, avoiding overlaps … Continued