European Parliament Members (MEPs) have expressed their strong support for the newly proposed EU legislative package to amend the AML framework, implement the 6th AML Directive and present the new Anti-Money Laundering Authority (AMLA).
Multiple EU member states are now actively competing to host the headquarters of AMLA in their respective countries. An insightful article on this topic, co-authored by Elias Neocleous & Co LLC Senior Associate, Kyriaki Stinga, and Deputy Compliance Officer, Dorina Mastora, has recently been published on Mondaq. This article delves into the current status of AMLA and its substantial legislative implications, marking a new chapter in Europe’s fight against financial crime.
You can access the full article on Mondaq here.
For additional information, please don’t hesitate to contact Kyriaki Stinga.