Derville Rowland

Ms Rowland, a qualified barrister, will leave the Central Bank in order to take up the new role.

Central Bank governor Gabriel Makhlouf said: “I am delighted that Derville has been appointed to the executive board of AMLA.

“AMLA’s mission is critical to the integrity of the EU’s financial system and its citizens, and it is imperative that it delivers. As a component part of AMLA, the Central Bank will contribute fully to these objectives, in line with our work across the European system.

“Derville’s appointment to this role is a testament not only to the high regard in which she is held but also to the strong track record of the Central Bank at a European level.

“I want to thank Derville for her significant contribution to the Central Bank’s public service mission over the last 20 years.

“On behalf of the Central Bank Commission and staff, I would like to wish her every success.”

Ms Rowland said: “I am proud to have been appointed as an executive board member of AMLA and acutely conscious of the urgency of AMLA’s task to make our financial system cleaner, our economy more resilient, and our people safer.

“For our financial system to be trustworthy, it will need a collective and unyielding European response, to ensure that money laundering and terrorist financing are systematically combatted. I look forward to helping to lead that work.

“It has been a privilege to work for the Central Bank and with colleagues dedicated to delivering on our mandate in the public good.”

Mary-Elizabeth McMunn, deputy governor for financial regulation, will assume responsibility for consumer and investor protection in the Central Bank pending a permanent appointment to the role.