Europe needs ‘pragmatic and flexible’ AML authority – Irish deputy

New body should “pick important problems and fix them”, Derville Rowland says

AML/CFT report cover

A new European anti-money laundering (AML) authority will need to build a supervisory culture, but it cannot rely on a rules-based approach to do so, Derville Rowland, deputy governor of the Central Bank of Ireland said today (May 16).

Speaking at a conference hosted by the Bank of Lithuania, Rowland applauded the “truly historic” collective call for a new AML supervisory authority in the European Union.

But she warned that the current environment is “challenging and uncertain”, as new

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