1. Central Bank of Ireland speeches – AML and Digital
Euro
1. Deputy Governor, Derville Rowland gives a speech on
the new EU Anti-Money Laundering Authority
On 16 May 2024, the Deputy Governor of the Central Bank of
Ireland ("Central Bank"), Derville
Rowland gave a speech at the European
Anti-Financial Crime Summit, on setting up the new EU Anti-Money
Laundering Authority ("AMLA") for
success.
Europe's response to the challenges
The EU's anti-money laundering
("AML") framework, including the
creation of AMLA was motivated by the acknowledgement that a
collective and coordinated approach was needed. Fragmentation in
existing approaches was identified as a key concern and the
creation of AMLA "is a significant step in the right
direction to confront the challenges we face". While it
represents a unique opportunity to examine the regulatory
fragmentation and eliminate the weak points, the Deputy Governor
cautioned against complacency in assuming that the
