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

Financial Services

OPINION: Europe’s new AML Authority (AMLA) risks becoming a confused mess

SUPER TUESDAY: A "jumbo trilogue" in Brussels on Tuesday is likely to shape the future of AMLA. It's proposed both the Council and the Parliament would be involved in picking the location of the authority by each allocating 27 points or votes.

No decision has yet been made about the location of AMLA. Reports suggest that the political horse trading is in full swing. There’s a suggestion that the Spanish have relinquished their claim to host it in Madrid in return for a prime EU position for one of their own.

That seems like a poor exchange with 400 plus jobs in the frame and the potential for startups and incubators to evolve on the periphery. However, stranger things have happened.

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!