Central Banking

EC buttresses anti-money laundering defences

european-commission

The European Commission (EC) today moved to clamp down on money laundering and terrorist financing, adopting two new proposals that aim to deal with "inadequacies and loopholes" in the current approach.

An impact assessment, published as part of a package of documents released today, said the existing framework did not meet international standards, was interpreted differently across member states and the rules were not "sufficiently robust" in some areas.

The new measures seek to address these s

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: