AMLA Recitals | EU Anti-Money Laundering Authority

THE EUROPEAN PARLIAMENT AND THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the Functioning of the European Union, and in particular Article 114 thereof,
Having regard to the proposal from the European Commission,
After transmission of the draft legislative act to the national parliaments,
Having regard to the opinion of the European Economic and Social Committee ( OJ C 152, 6.4.2022, p. 89),
Acting in accordance with the ordinary legislative procedure (2),
Whereas:

Recitals 1 Experience with the current anti-money laundering and

Recitals 2 The cross-border nature of crime and criminal

Recitals 3 Therefore, a Union authority for anti-money laundering

Recitals 4 This Regulation is part of a comprehensive

Recitals 5 To bring AML/CFT supervision to an efficient

Recitals 6 Combining both direct and indirect supervisory competences

Recitals 7 The arrangements concerning the seat of the

Recitals 8 When selecting the seat of the Authority,

Recitals 9 The powers of the Authority aim to

Recitals 10 With a view to strengthening AML/CFT rules

Recitals 11 The extension of money laundering’s predicate offences

Recitals 12 The Authority should be entrusted with the

Recitals 13 The Authority should be entrusted with the

Recitals 14 The draft regulatory and implementing technical standards

Recitals 15 In the process of developing draft regulatory

Recitals 16 Since there are no sufficiently effective arrangements

Recitals 17 Given the important role played by thematic

Recitals 18 Efficient usage of data leads to better

Recitals 19 With the objective of ensuring a more

Recitals 20 The first category of credit institutions and

Recitals 21 The periodic assessment of the risk profile

Recitals 22 Given the existing wide diversity of approaches

Recitals 23 The final selection criterion should ensure a

Recitals 24 To provide transparency and clarity to the

Recitals 25 To ensure legal certainty and a level

Recitals 26 The Authority should supervise obliged entities in

Recitals 27 The relevant actors involved in the application

Recitals 28 To ensure that the Authority can fulfil

Recitals 29 The Authority should have the power to

Recitals 30 The Authority should have a full range

Recitals 31 In addition to supervisory powers to apply

Recitals 32 It is important that the authorities in

Recitals 33 For non-selected obliged entities, the AML/CFT supervision

Recitals 34 The Authority should also be able to

Recitals 35 For the purposes of safeguarding the proper

Recitals 36 Certain obliged entities in the financial sector

Recitals 37 The Authority should be notified where the

Recitals 38 The Authority should have the opportunity to

Recitals 39 In order to improve supervisory practices in

Recitals 40 With the objective of increasing the efficiency

Recitals 41 The Authority should also be able to

Recitals 42 In light of the cross-border nature of

Recitals 43 In order to analyse suspicious activity affecting

Recitals 44 The Authority should be able to request

Recitals 45 Identifying, at an early stage, links with

Recitals 46 In order to ensure that the process

Recitals 47 Effective operational cooperation in cross-border cases between

Recitals 48 Pursuant to Article 24 of Council Regulation

Recitals 49 In order to improve the effectiveness of

Recitals 50 In order to facilitate and improve cooperation

Recitals 51 Other than joint analyses, the Authority should

Recitals 52 The Authority should manage, host and maintain

Recitals 53 In order to establish consistent, efficient and

Recitals 54 To provide optimal assistance to FIUs and

Recitals 55 The establishment of a solid governance structure

Recitals 56 In order to ensure the relevant expertise,

Recitals 57 For a smooth decision-making process, the tasks

Recitals 58 For the purposes of voting and taking

Recitals 59 In order for the General Board in

Recitals 60 The Chair of the Authority should chair

Recitals 61 The governing body of the Authority should

Recitals 62 To allow for swift decisions, all decisions

Recitals 63 To ensure the independent functioning of the

Recitals 64 The Chair of the Authority should be

Recitals 65 The Executive Director of the Authority should

Recitals 66 Equality between women and men and diversity

Recitals 67 To protect effectively the rights of parties

Recitals 68 It is necessary to provide the Authority

Recitals 69 The rules on establishment and implementation of

Recitals 70 In order to prevent and combat effectively

Recitals 71 As stated in the Communication of the

Recitals 72 The Authority should be accountable to both

Recitals 73 The staff of the Authority should be

Recitals 74 To ensure that confidential information is treated

Recitals 75 Without prejudice to the confidentiality obligations that

Recitals 76 Without prejudice to any specific language arrangements

Recitals 77 Without prejudice to the obligations of Member

Recitals 78 Reporting of irregularities by employees of obliged

Recitals 79 The Authority should establish cooperative relations with

Recitals 80 Partnerships for information sharing have become increasingly

Recitals 81 Considering that cooperation between supervisory, administrative and

Recitals 82 Since predicate offences as well as the

Recitals 83 Given its tasks and powers in the

Recitals 84 Since it is intended that the Authority

Recitals 85 In order to ensure the effectiveness of

Recitals 86 The Authority should assume most of its

Recitals 87 Since the objectives of this Regulation cannot

Recitals 88 The ECB delivered an opinion on 16

Recitals 89 The European Data Protection Supervisor was consulted