The European Parliament has appointed Italian banker Bruna Szego as the first president of the new anti-money laundering authority, known by the acronym AMLA. The AMLA is a new body that was born after the recent banking scandals that highlighted how the free movement of capital could create the conditions for the violation of the law in this particular area. The AMLA will be based in Frankfurt and will contain more than 430 officials, tasked with coordinating the work of national authorities. It will start supervising the most important financial entities in 2028. Born in Savona, Ms. Szego, 58, has been head of anti-money laundering supervision at the Bank of Italy since 2022. He has spent most of his career in regulation and supervision, straddling Italy and Europe.
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