Italy, Germany and the Netherlands are on the short list for an EU top job running the bloc’s new anti-money laundering body, according to multiple officials.
Italy’s Bruna Szego, Germany’s Marcus Pleyer, and Jan Reinder De Carpentier of the Netherlands are the remaining three candidates in the race, the officials, who were granted anonymity to speak candidly about the race, told POLITICO.
The Anti-Money Laundering Authority (AMLA) will supervise cross-border finance companies that are at high risk of money laundering and terrorism financing, and will have the power to issue millions of euros in fines. The AMLA office will open in Frankfurt in early 2025, and will be fully functional by 2028.
The chair position is for four years but can be extended once. It pays over €250,000 per year, tax-free.
All three candidates were interviewed, along with an unknown fourth candidate who was later cut, by the EU’s financial services chief Mairead McGuinness. The three top picks will now attend closed-door interviews organized by the European Parliament, before a final public interview with the top-ranked candidate.
The hearings are only expected to take place after lawmakers grill the candidates for EU commissioner jobs, meaning they will begin in mid-November at the earliest, officials told POLITICO.
Once a candidate is chosen, the European Commission will present its top choice to EU member countries, which have to approve the decision.
All three candidates were interviewed, along with an unknown fourth candidate who was later cut, by the EU’s financial services chief Mairead McGuinness. | John Thys/Getty Images
Szego works at Italy’s central bank, where she has been leading anti-money laundering efforts over the last few years. De Carpentier is vice chair at the EU bank resolution body the Single Resolution Board, and previously ran anti-money laundering efforts at the Dutch central bank. Pleyer ran the global anti-money laundering body, the Financial Action Task Force, from 2020-2022, and hails from Germany’s Finance Ministry.
Pleyer’s candidacy in particular is unlikely to be popular with other EU countries after Germany was the surprise winner of the race to host the headquarters of the authority earlier this year. Other countries, including France, Spain and Ireland, also bid to host the authority and were not successful.
The European Public Prosecutor’s Office (EPPO) carried out 25 searches and other investigative measures in six countries on January 17, in an action targeting a suspected 19 million euro VAT fraud,
India on Saturday said the Global South should collectively raise its voice for an ambitious new climate finance goal at the UN climate change conference in Azerbaijan’s Baku. Addressing a session
The Directorate General of GST Intelligence (DGGI) has identified 642 offshore entities involved in online money gaming for potential tax evasion. These entities have been reported to the Ministry of
A climate and finance report by independent economists was toned down after feedback from G20 nations, even as the UN says they must all slash emissions. As UN chief António Guterres called on the