Subscribe to our newsletter

EU to consider new supervisor in fight on money laundering

Banking scandals and growing crypto currency use have prompted European Union finance ministers to consider setting up a bloc-wide supervisor on money laundering at a meeting next week.

EU to consider new supervisor in fight on money laundering
smsfadviser logo
  • Shared by KYC360
  • October 07, 2019
share this article

EU regulators were caught off guard last year by one of the largest money-laundering scandals ever, involving some 200 billion euros ($219 billion) in suspicious payments, between 2007 and 2015, through Danske Bank’s tiny Estonian branch.

Read more at KYC360

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

related articles