uk iconUK

EU agrees steps toward tighter money-laundering supervision

European Union finance ministers on Thursday backed plans for greater powers to combat money laundering after a series of revelations about large amounts of dirty money flowing through European banks.

EU agrees steps toward tighter money-laundering supervision
smsfadviser logo
tighter money-laundering supervision

The EU last year experienced its largest money-laundering scandal when it emerged that 200 billion euros ($220 billion) in suspicious payments were made between 2007 and 2015 through Danske Bank’s tiny Estonian branch.

Read more at KYC360.

Subscribe to Financial Accountant

Receive the latest news, opinion and features directly to your inbox