Europe must strengthen money-laundering controls – EU agencies
Firms fail to properly implement AML/CFT policies, two-thirds of European national regulators say
European Union countries must strengthen their anti-money-laundering and counter the financing of terrorism (AML/CFT) controls, the three European Supervisory Authorities said on February 20.
The European Banking Authority (EBA), European Securities and Markets Authority (Esma) and European Insurance and Occupational Pensions Authority (Eiopa) issued a joint opinion on the current state of AML/CFT practice.
Europe's financial firms have problems in a number of key AML/CFT areas, the three
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