Commission welcomes political agreement on the Regulation to establish the new Anti-Money Laundering Authority (AMLA)

The Commission welcomes the provisional agreement reached today between the European Parliament and the Council on the Commission's proposal to establish an EU anti-money laundering and countering terrorism financing (AML/CFT) Authority in the form of a decentralised EU regulatory agency (AMLA).

The creation of the new EU Authority will transform AML/CFT supervision in the EU and enhance cooperation among Financial Intelligence Units (FIUs). AMLA will be the central authority coordinating national authorities to ensure the correct and consistent application of EU rules. In the financial sector, the Authority will directly supervise those financial sector entities exposed to the highest risk of money laundering and terrorism financing. AMLA will also support FIUs to improve their analytical capacity around illicit flows and make financial intelligence a key source for law enforcement agencies. The Authority will facilitate cooperation between FIUs, including by establishing standards for reporting and information exchange, supporting joint operational analyses, and by hosting the central online system, FIU.net.