Two committees of the European parliament (ECON and LIBE) announced: Anti-Money Laundering Authority: call for host city applications opens. The Authority for Countering Money Laundering and Financing of Terrorism (AMLA) is the non-democratic body that makes rules that private companies with crime-fighting functions (including banks) must abide by.

Read my article on AMLA and the system (created by the AML package) it will be part of: EU’s Iron Fist – Europe authoritarianly steamrolls over national supervisors and obliged entities.

The AML package is sold with tough narratives, such as ‘Stopping the flow of dirty money, that disguise the fact that fundamental rights of citizens will be violated and that the system does not take into account the understandability of the rules and and the practicability of the obligations for private companies.