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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
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tighter money-laundering supervision
  • Shared by KYC360
  • December 06, 2019
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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.

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