EU AML/CTF: First AMLA speech sets out strategic priorities for the new body
The EU’s Anti-Money Laundering Authority (AMLA) has published the first speech delivered by its chair, Bruna Szego, at the European Anti-Financial Crime Summit in Dublin on 7 May 2025. The address outlines AMLA’s role in anti-money laundering and counter-terrorist financing (AML/CTF), emphasising that fragmented oversight has previously allowed criminals to exploit regulatory weaknesses and undermine public trust and financial stability within the EU. Szego outlines AMLA’s mandate to complete the AML single rulebook and ensure its uniform application, to enhance the coordination and collaboration of national supervisors, Financial Intelligence Units (FIUs) and law enforcement, and to assume direct supervisory responsibilities of 40 of the EU’s highest-risk financial institutions, starting in 2028.