ECB sets up anti-money laundering office
Nouy says new office will enable information exchange and act as “centre of expertise”
The European Central Bank’s single supervisory mechanism, or SSM, is creating a team to co-ordinate its anti-money laundering activities, its head Danièle Nouy announced.
Nouy said the ECB’s supervisors were “working on intensifying our prudential work on this topic”. This would involve “creating a co-ordination function” for AML issues, she told the European Parliament on November 20.
The ECB’s move comes after a succession of scandals implicating European Union banks in major breaches of
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