EU GUIDANCE ON PPP AIMS AT MORE EFFECTIVE MONEY LAUNDERING PREVENTION
November 22nd, 2022
Public-private partnerships (PPP) in the anti-money laundering domain are “flourishing” across the European Union (EU) but “there is no commonly agreed definition” of how these should operate, notes new European Commission guidance. A staff working document (1) from the EU executive “does not aim to harmonise the concept of public-private partnerships”, rather the “non-binding” guidance examines the way PPPs function in the EU, with a series of case studies. While various models exist, law enforcement, financial intelligence units (FIUs) and ...
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