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New EU Anti-Money Laundering Authority gets set

Frankfurt banking quarter.
Frankfurt’s financial district, where AMLA will be based. Photo: Thomas Lohnes/Getty Images

Jean Hurley

3 min read
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As the new AML Authority gets set to start supervision of selected entities in 2028, we take a look at its powers and timeline.

The Authority for Anti-Money Laundering and Countering the Financing of Terrorism Authority (AMLA) has been established under the new a European anti-money-laundering (AML) and counter-financing terrorism (CFT) Regulation (AMLAR). The AMLA is a new monitoring, investigative and supervisory EU authority and will differ from current member state AML and CFT

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