
This paper examines the revised enforcement system for anti-money laundering (AML)in the EU, focusing on the creation of a new EU agency – the Anti-Money Laundering Authority (AMLA). The paper asks how the reformed framework ensures a more consistent and efficient AML enforcement in the EU, compared with prior regimes. The literature primarily examines agencification in the EU through the dimensions of centralisation/decentralization and direct/indirect enforcement powers, however, this analytical lens is incomplete for the revised AML enforcement system. We therefore devise a third dimension for analysing enforcement that relies on operational and collaborative integration throughout the system. This third dimension highlights specific features, namely, how agencification in a common system enables a shared operational responsibility, steered by legal and institutional integration, common methodologies and practices. These features bind the various actors together, moving beyond a network model based on coordination towards a more harmonised and cooperative system of enforcement. The three-dimensional (3D) model serves as an analytical approach for studying the EU enforcement regime for AML, one that could also be used in other areas of EU policy enforcement.
supervision, Agencification, Public administration, enforcement, Law, AML Authority (AMLA), anti-money laundering
supervision, Agencification, Public administration, enforcement, Law, AML Authority (AMLA), anti-money laundering
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