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NEWS: EU’s new AMLA regulator will have €92 million budget mostly funded by banks

AMLA: European Commission's financial services DG, John Berrigan said EU officials are aiming for AMLA to be able to start most of its activities by the middle of 2025. “The Authority will expand from zero staff today to 120 by the end of 2025 and to around 430 by the end of 2027,” he said.

By Paul O’Donoghue

The EU’s new money laundering regulator, AMLA, will have a €92 million budget which will be mostly funded by banks.

The budget is expected to be effective from 2028, when the organisation is set to be fully scaled.

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