As with the directive on the prevention of the use of the financial system for the purpose of money laundering or terrorist financing (see EUROPE B12965A28), MEPs are being ambitious with regard to the proposed directive establishing the Authority for Anti-Money Laundering and Countering the Financing of Terrorism (AMLA). This was the main conclusion from the debate held on Wednesday 15 June on the draft report by Luis Garicano (Renew Europe, Spain) and Emil Radev (EPP, Bulgaria).
Mr...