Future perspective AMLA
Summary
The European Union has revised the anti-money laundering and terrorist financing framework. This includes the creation of a new regulator (AMLA).
10/09/2024
The European Union has revised its anti-money laundering and terrorist financing (AML/CFT) framework with new legislation to improve oversight and reduce risks. This includes the creation of an international regulator, the Anti-Money Laundering Authority (AMLA), along with a streamlined rulebook. The new rules impose stricter requirements on financial institutions, including improved monitoring, reporting and regulatory compliance. Non-compliance can lead to severe penalties. Organisations should prepare in time to meet these future requirements.
Curious to learn more about the AMLA? Then be sure to read this update!
Source image: Q&A The new EU Anti-Money Laundering Authority (AMLA), Brussels, 24 april 2024