European supervisors publish new anti-money laundering guidelines
Some firms concerned over national supervisors’ ability to regulate money laundering risks
The European Union's three trans-national financial supervisory authorities have published new guidelines for national supervisors on preventing money laundering and terrorist financing.
They were jointly published by the European Banking Authority (EBA), the European Insurance and Occupational Pensions Authority and the European Securities and Markets authority on November 16.
The guidelines set out a risk-based supervision method, or RBS, and are due to come into effect in a year's time. Their
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