ECB AND AMLA TIGHTEN COLLABORATION

Europe’s financial watchdogs are closing ranks. A new Memorandum of Understanding between the European Central Bank and the European Anti-Money Laundering Authority effectively redraws the boundaries of supervision in the EU, creating a formal bridge between prudential oversight and AML enforcement. The agreement promises tighter cooperation, streamlined supervision, and fewer regulatory blind spots—raising questions about how power, information, and accountability will now flow across Europe’s financial system.