Italy’s Bruna Szego picked as chair of EU's Anti-Money Laundering Authority

Italy's Bruna Szego was chosen as the chair of the European Union's new Anti-Money Laundering Authority (AMLA) on Monday following a three-hour hearing before the European Parliament's Economy and Justice committees, WAM reports. 

Szego secured a majority to defeat rival candidates Marcus Pleyer of Germany and Jan Reinder De Carpentier of the Netherlands.

Szego, the only woman in the race, founded and leads the anti-money laundering (AML) supervision and regulation unit at the Bank of Italy, having previously headed its regulation and macroprudential analysis directorate. She sits on the European Banking Authority's anti-money laundering standing committee; one of her strengths is linking macroprudential and AML risks.