The Financial Action Task Force (FATF) is the primary authority for setting standards in the fields of anti-money laundering and countering the financing of terrorism. However, there are legitimate concerns regarding the unintended adverse effects resulting from the expansion of FATF standards....

Purpose This paper aims to critically examine the European Union’s legislative initiative to establish an Anti-Money Laundering Authority (AMLA), which will introduce union-level supervision and provide support to national supervisors in the field of anti-money laundering and countering the...