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2w ago

EU’s Anti-Money Laundering Authority Begins Operations in Frankfurt

Defining five strategic priorities, Bruna Szego’s authority develops direct-supervision methods for banks alongside crypto-asset firms ahead of its 2028 enforcement mandate.

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Bruna Szego

Overview

  • The EU’s Anti-Money Laundering Authority began operations in Frankfurt on July 1, staffing its Messeturm offices with over 400 employees.
  • Under Bruna Szego, AMLA has set five strategic priorities covering unified rule enforcement, national cooperation, advanced technology use, transparent communication, global engagement.
  • AMLA is finalizing methodologies for the direct supervision of roughly 40 cross-border banks alongside crypto-asset service providers ahead of a planned 2028 rollout.
  • Over the next five years, the authority plans to harmonize anti-money laundering frameworks across all 27 member states to close regulatory gaps, strengthening enforcement.
  • A 2023 Verafin study estimates Germany’s cash-heavy economy handled roughly $130 billion in illicit funds, about 17% of Europe’s total money-laundering activity.