Anti-Financial Crime & Financial Crime Compliance
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INSIGHT: ‘Bureaucratization represents significant challenge for AMLA’ – report warns MEPs

Our photo shows AMLA's headquarters in the foreground in this Frankfurt streetscape.

By PAUL O’DONOGHUE, Senior Correspondent

EXCESSIVE bureaucracy poses a significant risk to AMLA, the EU’s new AML watchdog, according to a new report.

An in-depth analysis published by the European Parliament said an excessive focus on ‘internal formalities’ could “slow decision-making and reduce agility”.

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