2023-12-08 12:14:02
The appointment of Nadia Calviño as the new president of the EIB has its tolls. Although it has cost the Government of Pedro Sánchez little to pay them in the case of Madrid, which aspired to be the brand new headquarters of the European Authority against Money Laundering (called AMLA, for its acronym in English) and which, according to sources This newspaper has been left without the support of the central Executive with the pretext that the candidacy was presented after the deadline.
The Mayor of Madrid, José Luis Martínez-Almeida, announced on October 26, 2022, together with the Secretary General of the Treasury and International Financing of the Ministry of Economic Affairs and Digital Transformation, the decision to present Madrid’s candidacy as the venue to host the new European institution. However, the Government did not formally present the candidacy until last November.
Madrid was running with Spain’s perch as an international benchmark in the fight against money laundering, having the highest global qualifications in this area. Its robust institutional model, led by the Money Laundering Prevention Commission and SEPBLAC, acts as a regulator, supervisor and Financial Intelligence Unit.
Spain has the best ratings from the International Financial Analysis Group (FATF), the reference body in control. According to the qualifications of this body, Spain is the first country in the European Union in preventing money laundering and the financing of terrorism, among other issues thanks to the use of innovative technologies and financial intelligence.
Spain is currently the only country in the world in which 10 of the 11 indicators evaluating the effectiveness of its system for preventing and combating money laundering and financing of terrorism have obtained a rating of ‘Substantial’ or ‘High’. This high rating places Spain as one of the countries with the safest money laundering prevention system.
Madrid also offered first-class infrastructure, great economic dynamism, international schools and universities, prestigious hospitals, and a lower cost of living than other European cities.
On 20 July 2021, the European Commission presented an ambitious package of legislative proposals to strengthen EU rules against money laundering and terrorist financing.
The package also included the creation of a new EU anti-money laundering authority, to be located in one of the EU member states, to coordinate national authorities and ensure that the private sector applies anti-money laundering rules. the EU correctly and coherently.
AMLA will also support Financial Intelligence Units to improve their analytical capacity around illicit money flows and make financial intelligence a key source for law enforcement.
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