The preparations for the introduction of euro-denominated notes and coins - which will make the euro a more tangible reality for the people in the euro area - are progressing satisfactorily. Since assuming responsibility for the conduct of monetary policy in the euro area, the ECB has faced a number of difficult challenges.
There are now two pending bills on proposed AMLA amendments: •  2  House Bill 3053 sponsored by Representative Rufus Rodriguez; and  BIS Review 113/2008  •  House Bill 4784 sponsored by Speaker Prospero Nograles and Representative Jaime Lopez, who is the Chairman of the Committee on Banks and Financial intermediaries and the Co-Chairman of the Congressional oversight Committee on anti-money laundering.