AMLA will be governed by two collegial bodies the Executive Board and the General Board.
The Executive Board
The Executive Board will be composed of the Chair and five full-time members, including the Vice-Chair.
It will take all decisions towards individual obliged entities or individual supervisory authorities where relevant.
The Executive Board will also take decisions regarding the draft budget and other matters relating to operations and the functioning of AMLA.
The General Board
The General Board will have two alternative compositions: a supervisory composition with heads of public authorities responsible for AML supervision, and an FIU composition with heads of Financial Intelligence Units (FIUs) from all EU Member States.
It will adopt all regulatory instruments. In its supervisory composition, it should be able to provide its opinion on any decision about directly supervised obliged entities prepared by a Joint Supervisory team before the final adoption by the Executive Board.
The Chair
The Chair will represent the Authority and will run the two governing bodies by preparing the work of the General and the Executive Board and chairing their meetings.
The Executive Director
The Executive Director will be responsible for the day-to-day management of AMLA, the preparation and implementation of the annual work programme, as well as the budget establishment and implementation.