Subscribe to our newsletter

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
smsfadviser logo
  • Shared by KYC360
  • November 12, 2019
share this article

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

Receive the latest Financial Accountant news,
opinion and features direct to your inbox.

related articles