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INSIGHT: Why AMLA must move quickly on harmonisation to silence critics

BRUSSELS: AMLA Chair Bruna Szego appearing before a joint committee of the European Parliament.

By CARLO BOFFA, EU Correspondent

AMLA, the EU’s new anti-money laundering agency, has won strong political backing — but it must move fast in the next few months to meet its milestones and silence critics who doubt its regulatory ambition.

The authority faces multiple challenges as the EU moves to harmonise anti-money laundering practices that have long been fragmented across national jurisdictions and economic sectors.

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