DISCUSSION HIGHLIGHTS EU AMBITIONS TO EXPAND POWER OVER AML SUPERVISION
September 1st, 2018
A REFLECTION paper has been released for discussion by the European Commission which maps out how the European Union (EU) executive is considering proposals to sharply increase the authority of EU institutions over day-to-day anti-money laundering controls in Europe.
This paper ‘on possible elements of a Roadmap for seamless cooperation between Anti Money Laundering and Prudential Supervisors in the European Union’ argues for increasing the authority of EU financial supervisory authorities to boost compliance with EU anti-money laundering directives. It ...
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