RUSSIAN MONEY LAUNDERING CASES HIGHLIGHT URGENT NEED FOR ACTION, SAY EXPERTS
January 1st, 2019
THE EUROPEAN Union (EU) must create a central agency to supervise banks and non-banking institutions to combat rising risks posed by money laundering, a European Parliament hearing that focuses especially on the threat posed by Russian dirty money, has been told.
Joshua Kirschenbaum, senior fellow at the German Marshall Fund of the US’s Alliance for Securing Democracy, told the January 29 EP special committee on financial crimes, tax evasion and tax avoidance (TAX3) debate, that this agency should be politically independent, exchange information and data, ...
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