By PAUL O’DONOGHUE, Senior Correspondent THE EU today (Friday) formally advertised for the post of chair of its new Anti Money Laundering Authority (AMLA), which is set to be paid approximately €290,000 a year. Among the requirements for the position are that the person must speak two official EU languages and have at least five…
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LATEST: Race begins for AMLA Chair as €290,000 tax-free job advertised, high profile candidates in the wings
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AMLA: The agency will have the capacity to “simultaneously supervise up to 40 groups and entities”. In the event that there would be more than 40 entities which would meet the criteria for AMLA oversight, the regulator would then select the 40 organisations operating “in the highest number of member states.” GRAPHIC: An artist's illustration of how the new AMLA HQ in Frankfurt could look.