Madrid´s candidacy to host AMLA highlights the worth of the Spanish anti-money laundering system
One of the legislative proposals to strengthen European regulations against money laundering and terrorist financing that the European Commission adopted in 2021 legislative package was the creation of a new European Anti-Money Laundering Authority (AMLA), with supervisory, regulatory and coordination competences in financial intelligence units. Its structure stands out for proposing a similar model to the Spanish AML system, which has been positively assessed at international level.
On October 26, 2022, the Mayor of Madrid announced, together with the Secretary General of the Treasury and International Finance of the Ministry of Economic Affairs and Digital Transformation, the decision to present Madrid’s candidacy as the AMLA headquarters. Madrid has many advantages as a European AMLA host city, from an economic, institutional and lifestyle point of view, and especially because of its commitment to the fight against money laundering, for which Spain is a European benchmark. As a result of this commitment, public institutions and private sector that work together in the prevention of money laundering have shown their strong support and collaboration to make this candidacy a success.
More information at:
The Madrid City Council website