AMLA; Anti-money laundering; Countering the financing of terrorism; Enforcement; Supervision; Law
Résumé :
[en] The establishment of an Anti-Money Laundering Authority (AMLA) heralds a milestone in the European Union’s (EU) institutional framework for the enforcement of anti-money laundering and countering the financing of terrorism (AML/CFT) rules. This contribution explores the competence and powers of the new AML/CFT supervisor. While AMLA is a true enforcement actor with investigative and sanctioning powers to address breaches of AML/CFT requirements, the scope of AMLA’s enforcement powers will be limited. AMLA will nevertheless have an important regulatory impact and it will enhance the fight against cross-border financial crime by supporting the work of other bodies and agencies in the field.
Centre de recherche :
NCER-FT - FinTech National Centre of Excellence in Research
Disciplines :
Droit pénal & procédure pénale
Auteur, co-auteur :
TOSZA, Stanislaw ; University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Department of Law (DL)
VOORDECKERS, Olivier ; University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Department of Law (DL)
Co-auteurs externes :
no
Langue du document :
Anglais
Titre :
An anti-money laundering authority for the European Union: a new center of gravity in AML enforcement
Date de publication/diffusion :
2024
Titre du périodique :
ERA-Forum: Scripta Iuris Europaei
ISSN :
1612-3093
eISSN :
1863-9038
Maison d'édition :
Springer Science and Business Media Deutschland GmbH
This article is part of the efforts of the National Centre of Excellence in FinTech of the University of Luxembourg, which was funded in part by the Luxembourg National Research Fund (FNR), grant reference NCER22/IS/16570468/NCER-FT.
