In the next in our series of detailed briefings on proposed changes to the EU and UK anti-money laundering and countering the financing of terrorism (“AML/CFT“) regimes, this briefing looks at the proposed creation of an EU-wide Anti-Money Laundering Authority (“AMLA” or the “Authority“), as set out in the EU’s recent AML reform package.

The AMLA is intended to be operational by 2024, with work on direct supervision beginning in 2026.

In this briefing, we look at the AMLA’s powers and, in particular, the circumstances in which it will directly supervise regulated entities. Our previous briefings in this series cover: an overall summary of and background to the EU reform proposals, and the UK consultation and call for evidence on its AML regime. These topics will be the subject of further discussion in an upcoming HSF webinar.

The full briefing is available here.

 

Susannah Cogman
Susannah Cogman
Partner
+44 20 7466 2580
Daniel Hudson
Daniel Hudson
Partner
+44 20 7466 2470
Brian Spiro
Brian Spiro
Partner
+44 20 7466 2381
Elizabeth Head
Elizabeth Head
Of Counsel
+44 20 7466 6443
Elizabeth Cahill
Elizabeth Cahill
Senior Associate
+44 20 7466 2487
Ali Grodzki
Ali Grodzki
Associate
+44 20 7466 6329