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By Nessym Jules TIR, Avocat/Partner, Global Compliance Investigations, Wolff Partners SCS, Attorneys at law
A powerful institutional weapon to counter financial crime in the European Union
The creation of the future Anti-Money Laundering Authority (“AMLA”) aims at protecting European citizens and the European Union’s (“EU”) financial system against money laundering and terrorist financing.
The AMLA will have direct and indirect supervisory powers over high-risk obliged entities in the financial sector, to be carried out against a selection of credit and financial institutions that present a high risk in several Member States. The AMLA will supervise up to 40 groups and entities during...
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