The EU Anti-Money Laundering Authority – in-depth

Susannah Cogman (+44 (0)20 7466 2580, susannah.cogman@hsf.com) is a partner and Elizabeth Head (+44 (0)20 7466 6443, elizabeth.head@hsf.com) is of counsel at Herbert Smith Freehills.

A centrepiece of European Union anti-money laundering reforms [1], the EU-wide Anti-Money Laundering Authority (AMLA) is intended to be operational by 2024, with work on direct supervision beginning in 2026. Susannah Cogman and Liz Head of Herbert Smith Freehills examine AMLA’s powers and, in particular, the circumstances in which it will directly supervise regulated entities.