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Fight Against Money Laundering: New EU Agency Starts in Frankfurt
13 Articles
13 Articles
The anti-money laundering authority of the European Union is starting its work today.
The EU Anti-Money Laundering Authority AMLA is starting its work in Frankfurt. In an interview with tagesschau.de, her boss Szego talks about why the fight against money laundering is so important and how the authority wants to proceed.
Fight against money laundering: New EU agency starts in Frankfurt
Frankfurt/Main – Crime, corruption, undeclared work: Billions of euros from illegal sources are funneled into the regular economy in Europe every year. Now, a new EU agency in Frankfurt is set to combat money laundering more effectively – the “Anti-Money Laundering Authority” (Amla). It is now starting its work. The task of Amla is to directly supervise around 40 cross-border banks with high money laundering risks, including providers of cryptoc…
The European Union's new anti-money laundering authority began operations at its headquarters in Frankfurt am Main on Tuesday. The EU's anti-money laundering and terrorist financing office will directly supervise around 40 international banks with a high risk of illegal activities and will also focus on cryptocurrency service providers. The report comes from the DPA agency. The authority, which has more than 400 employees, is also tasked with co…
The Zakat Tax and Customs Authority Academy, in cooperation with the World Customs Organization (WCO), organized a regional workshop on combating money-laundering and the financing of terrorism in the framework of the TENTACLE project of the World Customs Organization (WCO) in cooperation with several international partners. 57 representatives of the customs administrations of the States of the region participated in the workshop, as well as rep…
OFFICIAL: AMLA begins operations today, July 1 - AML Intelligence
By PAUL O’DONOGHUE, Senior Correspondent THE EU’s new Anti-Money Laundering Authority (AMLA) has officially begun operations as of today, July 1. The day marks the date when the new watchdog assumes the majority of its supervisory powers. Maria Luíz Albuquerque, the European Commission Financial Services Commissioner, said the event “marks a milestone for the European financial system”. “AMLA is set to transform the EU’s fight against financial …
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