Money laundering has to be tackled across borders- a transnational body is needed

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Money laundering is an issue across boarders which national authorities are trying to tackle. The geographical limitations of national authorities is a big limitation to their efforts. Alecta, who manages occupational pension plans in Sweden, is urging the European Parliament to establish a European supervisory body that would work to prevent money laundering and handle prosecution.

The Financial Times, Magnus Billing, March 13th 2019