# AMLA

- Link: https://euemployment.eu/glossary/amla/
- Published: 2024-03-16T15:43:41+01:00
- Author: Ben

AMLA is the new EU Anti-Money Laundering Authority. It will become operational in
2026 with headquarters in Frankfurt, Germany.

**AMLA was established to strengthen the fight against money laundering and terrorist
financing (AML/CFT) across the 27 EU member states. **

The AMLA will have the following key functions and responsibilities:

 1. **Direct Supervision**: The authority will directly supervise a select group of
    high-risk cross-border financial institutions operating in the EU, such as certain
    banks, financial companies, and crypto-asset service providers. This direct oversight
    aims to ensure consistent application of AML/CFT rules across member states.
 2. **Coordination and Convergence**: The AMLA will facilitate coordination and convergence
    of supervisory standards and practices among national authorities responsible for
    AML/CFT supervision. This will help promote a harmonized approach to combating 
    financial crime within the internal market.
 3. **Risk Assessment and Analysis**: The agency will conduct periodic risk assessments
    and analysis of money laundering and terrorist financing threats, helping to identify
    emerging risks and vulnerabilities in the financial system.
 4. **Cooperation and Information Exchange**: The AMLA will act as a central hub for
    facilitating cooperation and information exchange among national supervisors, as
    well as with third-country authorities and international organizations involved
    in AML/CFT efforts.
 5. **Regulatory and Policy Development**: The authority will contribute to the development
    of regulatory and policy initiatives in the AML/CFT domain, providing technical
    expertise to the [European Commission](https://euemployment.eu/glossary/european-commission/)
    and supporting the implementation of relevant EU legislation.

Information about [AMLA salaries](https://euemployment.eu/amla-salaries/).