AMLA

AMLA means Anti-Money Laundering Authority, to be created.

News

 * 07 Jul 2021, Politico.eu, EU to bypass banking agency with new dirty-money watchdog, Draft Commission plans admit Paris-based regulator has failed to tackle money laundering. Amid concerns over the independence of the EBA’s board after the Paris-based agency failed to hold national regulators accountable for sleeping on the job, the Commission plans to hollow out the agency’s dedicated unit and instead transfer the powers to a new Anti-Money Laundering Authority (AMLA)
 * 07 Jul 2021, Politico.eu, EU eyes new dirty-money watchdog from 2026
 * 05 Jul 2021, CEPS, Time to get serious on AML policy in Europe, It is estimated that 2-5% of global GDP is laundered annually, with an overall recovery rate of illicit assets at just 1.1% in Europe, according to Europol. Tackling money laundering is a longstanding policy priority, but one pursued with limited success.