1. The Authority for Anti-Money Laundering and Countering the Financing of Terrorism ('the Authority') is hereby established.
2. The Authority shall act within the powers conferred on it by this Regulation, in particular those set out in Article 6, and within the scope of Regulation (EU) 2023/1113, Directive (EU) 2024/1640 and Regulation (EU) 2024/1624, as well as all directives, regulations and decisions based on those acts, of any further legally binding Union act which confers tasks on the Authority, and of national legislation transposing Directive (EU) 2024/1640, and other directives conferring tasks on supervisory authorities.
3. The objective of the Authority shall be to protect the public interest, the stability and integrity of the Union's financial system, and the proper functioning of the internal market by:
(a) preventing the use of the Union's financial system for the purposes of money laundering and terrorist financing ('ML/TF');
(b) contributing to the identification and
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