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EU heavyweight states push for joint supervisor against money laundering

The European Union’s largest states are pushing for the establishment of a new supervisory authority that would take over from states the oversight of money laundering at financial firms, after a series of scandals at the bloc’s banks.

EU heavyweight states push for joint supervisor against money laundering
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In a joint statement, Germany, France, Italy, Spain, the Netherlands and Latvia said the 28-country EU needed a “central supervisor” to tackle the flow of dirty money within the bloc’s financial system.

Read more at KYC360

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