![Anti-money-laundering authority (AMLA): Countering money laundering and the financing of terrorism [EU Legislation in Progress]](https://i0.wp.com/epthinktank.eu/wp-content/uploads/2022/09/EPRS-Briefing-733645-Anti-money-laundering-authority-AMLA-FINAL.png?fit=1000%2C616&ssl=1)
Written by Cécile Remeur (2nd edition, updated on 15.05.2023).
In July 2021, the European Commission tabled a proposal to establish a new EU authority to counter money laundering and the financing of terrorism (AMLA). This was part of a legislative package aimed at implementing the 2020 action plan for a comprehensive Union policy on preventing money laundering and the financing of terrorism.
The AMLA would be the centre of an integrated system composed of the authority itself and the national authorities with an AML/CFT supervisory mandate. It would also support EU financial intelligence units (FIUs) and establish a cooperation mechanism among them.
The Council achieved a partial political agreement on the proposal on 29 June 2022. In the European Parliament, the file was referred to the Committee on Economic and Monetary Affairs (ECON) and the Committee on Civil Liberties, Justice and Home Affairs (LIBE). The co-rapporteurs issued their joint report in May 2022. The joint committee report was voted on 28 March 2023 and the mandate to enter trilogues was granted by the plenary on 17 April 2023.
Versions
- May 2023: Anti-money-laundering authority (AMLA): Countering money laundering and the financing of terrorism (3rd edition)
| Proposal for a regulation of the European Parliament and of the Council establishing the Authority for Anti-Money Laundering and Countering the Financing of Terrorism and amending Regulations (EU) No 1093/2010, (EU) 1094/2010, (EU) 1095/2010 |
| Committees responsible: | Economic and Monetary Affairs ECON) and Civil Liberties, Justice and Home Affairs (LIBE) | COM(2021) 421 20.7.2021 |
| Co-rapporteurs: | Eva Maria Poptcheva (Renew, Spain); Emil Radev (EPP, Bulgaria) | 2021/0240(COD) |
| Shadow rapporteurs: | Isabel Benjumea (EPP, Spain); Caterina Chinnici (S&D, Italy); Pedro Marques (S&D, Portugal); Ramona Strugariu (Renew, Romania); Gwendoline Delbos‑Corfield (Greens/EFA, France); Ernest Urtasun (Greens/EFA, Spain); Gunnar Beck (ID, Germany); Annalisa Tardino (ID, Italy); Joachim Stanisław Brudziński (ECR, Poland); Andżelika Anna Możdżanowska (ECR, Poland); Clare Daly (The Left, Ireland); Martin Schirdewan (The Left, Germany) | Ordinary legislative procedure (COD) (Parliament and Council on equal footing – formerly ‘co-decision’) |
| Next steps expected: Trilogue negotiations |
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