EU NEEDS GREATER ENFORCEMENT OF AML LAWS
February 1st, 2020
The European Union (EU) needs to step up enforcement of its anti-money laundering legislation, not just the fourth and fifth directives (AMLD 4 and 5), but earlier provisions from AMLD3 that are still not being applied in the member states, according to speakers at a February 19 breakfast event on ‘Money laundering and financial crime’ staged at the European Parliament in Brussels. The EU’s executive, the European Commission, which is tasked with ensuring EU law is applied in member states, “is forced to take a passive role”, essentially ...
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