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September 5, 2025

On the Need to Establish a European Union Authority for Combating Money Laundering and Terrorist Financing (AMLA)

Key Points

The AMLA aims to enhance the effectiveness of combating money laundering and terrorist financing in the EU.
Current measures are shown to be insufficient, highlighting the need for a unified authority in the financial sector.
The analysis evaluates AMLA's powers related to financial sector supervision and risk management.
Coordinated oversight of supervisory institutions and financial intelligence units is critical to improving compliance.

Abstract

The analysis of the results from the implementation of the rules for combating money laundering and terrorist financing in the European Union shows that the current system is both ineffective and insufficient. This necessitates that prevention and supervision be elevated to a higher, unified level across the entire European Union. To achieve this goal, in 2024, the Anti-Money Laundering Authority (AMLA) was established. The article analyzes its powers regarding the supervision of entities in the financial sector; the monitoring, analysis, and exchange of information on potential risks; as well as the coordination and oversight of the activities of supervisory institutions and financial intelligence units within the EU.

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Cite This Study

Emil Asenov (Fri,) studied this question.

synapsesocial.com/papers/68bb4d206d6d5674bcd010bb https://doi.org/https://doi.org/10.56065/accountcont/2025.107