Anti-Financial Crime & Financial Crime Compliance
Leadership | Insight | Network

AML, EU/Europe, Financial Crime, Financial Services, Regulatory, Sanctions, Schuman

EXCLUSIVE: EU governments to veto sanctions role for AML Authority (AMLA); ‘would set body up for failure’ – officials

RUSSIA SANCTIONS: Proposals by the European Parliament to give AMLA a role in sanctions enforcement is likely to be rejected by European governments, AML Intelligence has learned. Separately, Dutch foreign minister Wopke Hoekstra wants a new EU sanctions agency - similar to OFAC in the US - established here. A move that is seen as more likely by EU officials.

By STEPHEN RAE for AML Intelligence EUROPEAN governments are set to veto calls by MEPs for the new AML Authority (AMLA) to oversee EU sanctions enforcement. The European Council (Member States) and European Commission will reject the proposal, well placed sources in Brussels told AML Intelligence. “At a technical level of course AMLA could take…

AML Intelligence
Subscribe now to have unlimited access

With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!