EUROPEAN COMMISSION EYES EU ANTI-MONEY LAUNDERING AUTHORITY

THE EUROPEAN Commission has set up a joint working group to support closer cooperation between European Union (EU) AML authorities, which will have its first discussion with member states in September. This move, which follows the approval of the EU’s fifth anti-money laundering directive (AMLD), could lead to a more active EU AML policy. While stressing there were no current proposals to create an EU AML authority, Brussels is considering measures for a “stronger common European Union (EU) approach to anti-money laundering (AML) supervision and ...


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