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Council of Europe urges swift action on money laundering

European lawmakers are urging financial institutions and governments to address dozens of legal and supervisory shortcomings they say contributed to the proliferation of massive money laundering schemes in recent years.

  • Shared by KYC360
  • April 15, 2019
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In a resolution adopted Thursday, the Council of Europe’s Parliamentary Assembly said that recent money laundering schemes linked to Russia, the Baltic states and the United Kingdom were of such scale that they posed a “serious threat to democratic stability, human rights and the rule of law.”

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