By Kyle Brasseur2024-02-27T12:43:00
The European Union’s recently approved Anti-Money Laundering Authority (AMLA) will be based in Frankfurt, Germany, and begin operations in 2025.
The Council of the European Union announced the development Thursday. It said AMLA will be comprised of more than 400 staff members.
The creation of AMLA was proposed as part of a July 2021 package of rules presented by the European Commission to strengthen the efficiency of anti-money laundering and countering the financing of terrorism (AML/CFT) efforts in the region. The agency received preliminary approval in December, paving its way toward final adoption.
2024-04-23T15:57:00Z By Jeff Dale
Germany’s financial supervisory authority issued total fines of €1.45 million (U.S. $1.6 million) against Commerzbank AG to settle allegations of inadequate monitoring and anti-money laundering controls.
2024-01-17T12:25:00Z By Ruth Prickett
The impact of the Anti-Money Laundering Authority to improve the coordination and success of AML activities will be largely indirect, depending on its influence over European national governments continuing to supervise most EU financial services firms.
2023-12-14T15:42:00Z By Kyle Brasseur
A new agency to supervise high-risk financial institutions across the European Union regarding their anti-money laundering and countering the financing of terrorism activities gained provisional approval.
2025-09-05T18:42:00Z By Adrianne Appel
The Department of Health and Human Services is stepping up its enforcement against hospitals and other health entities that block the sharing of electronic health records.
2025-09-04T18:49:00Z By Ruth Prickett
The EU has one, the U.K. is getting one, many U.S. states are working with Google and Apple to provide one, and now industry sectors are developing their own digital wallet.
2025-08-28T20:40:00Z By Aaron Nicodemus
The order barring three Mexican financial institutions from doing business with U.S. financial institutions has been delayed until October.
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