By PAUL O’DONOGHUE, Senior Correspondent
THE AMLA Executive Board has officially commenced its duties, marking another major milestone for the new EU watchdog.
Bruna Szego, the Chair of the new EU Anti-Money Laundering Authority (AMLA), welcomed the members.
“On Monday, the Executive Board of the European Anti-Money Laundering Authority (AMLA) officially commenced its duties at the Authority’s office in the MesseTurm in Frankfurt am Main,” AMLA said in a post on LinkedIn.
The appointed Executive Board members are Simonas Krepsta (Lithuania), Rikke-Louise Petersen (Denmark), Derville Rowland (Ireland), and Juan Manuel Vega Serrano (Spain).
They will each serve a four-year term beginning on 1 June 2025.
“Their appointment marks a significant milestone in AMLA’s establishment and the EU’s efforts to strengthen the fight against money laundering and terrorist financing.”
Germany’s Marcus Pleyer was due to be the fifth and final member of the Executive Board. He stepped down to take up a senior position in the country’s new coalition government as State Secretary and Deputy Minister with responsibility for research and technology.
The European Commission must now decide whether to re-advertise the vacant position. It can also nominate a candidate from the original shortlist. Any new nominee will also need to appear before the European Parliament for vetting.
The recruitment process for AMLA’s first five board members lasted approximately six months.
AMLA will standardize compliance and supervision standards across the EU.
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