The new European authority for anti-money laundering and the fightagainstterrorism (AML/CFT): Regulation and evolution

Author/s Carmine Ruggiero
Publishing Year 2024 Issue 2024/1
Language Italian Pages 20 P. 65-84 File size 69 KB
DOI 10.3280/EP2024-001005
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The new European authority for anti-money laundering and the fightagainstterrorism (AML/CFT): Regulation and evolution The European Union, following an in-depth analysis of the current situation in the fight against money laundering and the financing of terrorism, has decided to integrate the regulations on the matter in order to further encourage the collaboration of the member states, in as the legislative differences and the necessary dependence on individual states and on the authorities responsible for controlling individual countries, has constituted and still constitutes today the main obstacle to an effective context for said phenomena, despite the thirty-year regulation of the phenomenon. The essential points of the new provisions are essentially two: on the one hand the creation of a central authority for coordination (AMLA – Anti Money Laundering Authority), the assistance and supervision of the activities carried out by the authorities of the individual countries and on the other the creation of a discipline, hopefully from a regulatory source, which can have a more rapid and direct implementation to deal with constantly evolving phenomena. The Italian experience on the subject is also the basis of Rome’s candidacy as the headquarters of the AMLA.

Keywords: anti-money laundering, AMLA, collaboration, regulation.

Jel codes: G21, G38

Carmine Ruggiero, La nuova autorità Europea per il contrasto del riciclaggio e la lotta al terrorismo (AML/CFT): disciplina ed evoluzione in "ECONOMIA PUBBLICA " 1/2024, pp 65-84, DOI: 10.3280/EP2024-001005