New European Anti-Money Laundering Authority Will Have Broad Normative Powers
By EsqSocial Corporation 29/04/25
The European Union ("EU") Anti-Money Laundering ("AML") package adopted by the European Parliament and the Council on May 31, 2024, represents a major shift in the fight against money laundering and terrorist financing at the EU level. Among the many changes entailed by this package, one of particular importance is the creation of a new European authority dedicated to AML: the Anti-Money Laundering Authority ("AMLA")....
By: Jones Day