AMLA Activation in 2027: Implications for Cyprus

The full activation of the new European Anti-Money Laundering Authority (AMLA) in 2027 brings new data also for Cyprus.

The rapporteur of the regulation, Bulgarian MEP Emil Radev, pointed out that there are 'gaps' between member states, with Cyprus being named as an example of unequal application of the rules.

Based in Frankfurt, AMLA will directly supervise 40 large entities and strengthen control across the EU.