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NEWS: ‘We are still in early stages of our work,’ says AMLA chief; aims to hire 120 this year

Premium September 23, 2025

LEARNINGS SO FAR: AMLA Chair Bruna Szego, told MEPs: "So, what is my takeaway? While the financial sector understands its role, the non-financial sector lags behind. The landscape there is quite fragmented with many obligated entities facing real challenges in applying even basic controls due to costs and lack of reliability information. I've been telling them that building awareness and prepare this preparedness at national level is essential. But we also know that designing a system that is both effective and realistic will take time."

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LATEST: FCA defends sharing data with Palantir to combat financial crime

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NEWS: Bank of London Group fined £2m over integrity failings

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LATEST: Controversy as Palantir set for access to sensitive FCA data

By PAUL O’DONOGHUE, Senior Correspondent

AMLA, the EU’s new AML watchdog, has accelerated its hiring drive and now aims to have 120 staff by the end of 2025.

This is up from its previous estimate of 80 workers by the end of the year.

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Premium

LATEST: FCA defends sharing data with Palantir to combat financial crime

 Premium

NEWS: Bank of London Group fined £2m over integrity failings

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LATEST: Controversy as Palantir set for access to sensitive FCA data

Regulatory Watch News

  • Five-country operation targets cigarette smuggling network operating from the UK

    Europol

    A large organised crime group suspected of smuggling counterfeit cigarettes into Europe has been targeted in a coordinated operation across five countries on 24 March. The action day, led by the European Public Prosecutor’s Office (EPPO) in Turin, Italy, took place in Italy, Poland, France, the United Kingdom and Switzerland with Europol’s support.

  • London and its parent company Oplyse Holdings Limited £2m for failing to act with integrity and misleading the PRA over their capital position

    Prudential Regulation Authority

    The Prudential Regulation Authority (PRA) has fined The Bank of London Group Limited and Oplyse Holdings Limited (formerly The Bank of London Group Holdings Limited) £2 million for misleading the PRA over their capital positions, failing to act with integrity, failing to be open and cooperative with the regulator and failing to maintain adequate financial resources.

  • Festgeldplan(.)com: BaFin warns about website and identity fraud

    BaFin

    The German Financial Supervisory Authority (BaFin) warns about offers from the website festgeldplan(.)com. According to information available to BaFin, the unknown operators of the website are offering financial services without the required authorisation. They give the impression that their offers originate from WPV Advisory & Asset Management GmbH & Co. KG, which is supervised by BaFin. It is a case of identity fraud. WPV Advisory & Asset Management GmbH & Co. KG has no connection with the website or the financial services offered there.

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