The EU Parliament chooses the first head of the new anti-money laundering authority!

The EU Parliament chooses the first head of the new anti-money laundering authority!

A historical moment for security in Europe! Today the new anti-money laundering authority (AMLA) was launched in the EU Parliament. The Italian Bruna Szego was elected first chairman. This authority is given power to impose sanctions and fines against financial institutions that violate the new, strict EU money laundering rules. The EU wants to ensure that uniform standards apply to combating money laundering in all Member States. The SPÖ European MP Evelyn Regner emphasizes the urgency of this initiative: "Money laundering not only costs us a lot, it also endangers our democracy and security." In her choice, she congratulated Szego and emphasized that the authority will act like a European FBI in the fight against financial crime, such as of the EP reports

The AMLA will now be based in Frankfurt and noticeably extend your supervision into the most risky financial companies in the EU. This new system should not only combat money laundering, but also the financing of terrorism. "The creation of this authority is a crucial step in the right direction," says Regner. The laws are still in the wording process and must now literally be accepted by the Council. So that solid answers to the demands of the citizens from the conference on the future of Europe can be given, a stricter framework is urgently needed to combat economic crimes.