Shortlist for Top Role in EU’s New Anti-Money Laundering Body AMLA!

Mark Lagarde
Tue, 15 Oct 2024 07:14:44 +0000
AMLA, Job Movements, Bruno Szego, Jan Reinder De Carptentier, Marcus Pleyer

The Anti-Money Laundering Authority (AMLA) will supervise cross-border finance companies that are at high risk of money laundering and terrorism financing. Italy’s Bruna Szego, Germany’s Marcus Pleyer, and Jan Reinder De Carpentier of the Netherlands are the remaining three candidates in the race to chair the new financial watchdog, POLITICO reported. The job is expected to come with pay of approximately €290,000.

Key Points:

Italy’s Bruna Szego, Germany’s Marcus Pleyer, and the Netherlands’ Jan Reinder De Carpentier are shortlisted to lead the EU’s new Anti-Money Laundering Authority (AMLA).

The authority will oversee high-risk cross-border financial companies and enforce penalties up to millions of euros.

Frankfurt, Germany, will host AMLA (website), raising concerns among other EU countries about Germany’s influence.

Short Narrative:

The race to lead the EU’s newly established Anti-Money Laundering Authority (AMLA) has narrowed to three candidates: Italy’s Bruna Szego, Germany’s Marcus Pleyer, and Jan Reinder De Carpentier of the Netherlands.

Each candidate brings significant experience in anti-money laundering roles, with Szego and De Carpentier leading national efforts in their respective central banks, while Pleyer chaired the Financial Action Task Force (FATF) from 2020-2022. The final selection process will involve closed-door interviews with the European Parliament, followed by a public interview with the top-ranked candidate. The role is a four-year term with potential for renewal, overseeing an office in Frankfurt.

Actionable Insight:

Germany securing both the AMLA headquarters and a strong candidate in Marcus Pleyer could shift the balance of influence in the EU’s fight against financial crime. Compliance professionals should monitor how this impacts AML regulations across member states.

Call for Information:

FinTelegram is seeking insights into potential conflicts of interest arising from the selection of the AMLA leadership. Could this affect the transparency and fairness of enforcement across the EU?

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