The European Union launches its Anti-Money Laundering Authority (AMLA) to combat money laundering and terrorism financing.

The European Union's new Anti-Money Laundering Authority (AMLA) has officially launched, with the position of chair now open for application until July 8. Based in Frankfurt, the authority aims to employ around 430 people and is expected to open next year. The EU established AMLA to combat money laundering and terrorism financing, which pose significant risks to its economy, financial system, and citizens.

June 26, 2024
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