EU’s new Anti-Money Laundering Authority is now official, seeks chair

FRANKFURT, June 26 (Reuters) – The regulation that sets up the European Union’s new agency to combat money laundering went into force on Wednesday, and the authority already has its first job posting: the position of chair.

Candidates have until July 8 to apply to head the Frankfurt-based agency that expects to employ about 430 people and is set to open next year.

Earlier this year, the EU named Frankfurt as the home of the Anti-Money Laundering Authority (AMLA). Previously the bloc lacked any pan-EU body to control dirty money.

Source: REUTER