Following years of consultations and deliberations, the European Union enacted legislation in 2024 creating the Anti–Money Laundering Authority (AMLA), a new agency that is now starting up its operations in Frankfurt. In January 2028, the AMLA will take over the direct anti–money laundering (AML) supervision of several dozen banks and other entities across the European Union, and will also wield wide powers of oversight of national authorities in charge of AML supervision.
Why and how did the European Union decide to create a new AML supervisor? How can the AMLA increase the effectiveness of the EU AML framework? Will it add complexity to the already crowded landscape of EU financial services authorities, or is there a potential for streamlining AML processes and making them less onerous to European businesses?
HOST
Nicolas Véron
Senior Fellow, Peterson Institute for International Economics (PIIE)
GUEST
Raluca Pruna
Former Head of the Financial Crime Unit, Directorate-General for Financial Stability, Financial Services, and Capital Markets Union (DG FISMA), European Commission
Video
About This Series
Europe faces a turbulent new era of economic, security, and governance challenges. Join Nicolas Véron, senior fellow at the Peterson Institute for International Economics, for What Now, Europe?, a virtual series and podcast with experts and practitioners diving into Europe's future in a changing world.