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The EU's Anti-Money Laundering Authority had made final preparations to go fully operational Tuesday, which will open a new era for AML compliance and supervision across the bloc. On July 1, AMLA will assume the lion's share of powers and tasks outlined in a 271-page, EU-wide regulation last year. The EU's 27 nations will meanwhile cede some of their supervisory authority to the new agency, which will monitor compliance with new, bloc-wide AML rules and double as a platform for sharing financial intelligence across borders. But AMLA has a long way to go before claiming the supervisory mantle in earnest,...