BREXIT COULD BOOST ML AND TF RISKS IN REMAINING MEMBERS OF EU, WARN REGULATORS
September 1st, 2019
THE POTENTIALLY imminent Halloween withdrawal of the UK from the European Union (EU) could create a significant increased risk of money laundering and terror finance in countries remaining within the EU, financial institution regulators have warned.
A joint opinion, from the three European Supervisory Authorities (ESAs) said that national EU AML/CFT and other financial regulators may struggle to maintain effective ML/TF controls as companies quit the UK for new legal homes in the remaining EU to stay within the European single market.
Such regulators would have ...
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