Anti - money laundering agency proposed to be established at the EU level

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Numerous money-laundering scandals in Europe, including violations from SEB, Danske Bank, Nordea Bank and ING Group, led to the proposal from Europe’s finance chiefs to establish anti-money laundering agency at the European level. The proposal was made to the European Commission to reconsider the approach to the issue, which is currently mostly regulated at national level.

Bloomberg, Alexander Weber, 3rd December 2019