EU weighs new supervisor in fight on money laundering

Pedro Gonçalves
EU weighs new supervisor in fight on money laundering

The EU is set to explore the creation of a new central authority to tackle money laundering after a series of high-profile scandals highlighted the bloc's weakness in preventing dirty cash flowing through its banks. According to the Financial Times, France and the Netherlands are pushing for a European enforcement body in order to avoid fresh crises following the scandals with Russian money and Danske Bank. The proposed body would monitor financial institutions' compliance with EU regul...

To continue reading this article...

Join International Investment

Join International Investment today

Unlock members-only benefits:

  • Unlimited access to real-time news, industry insights, video features and market intelligence
  • Stay ahead of the curve with spotlights on international financial centres, regional trends international advice and global industry leaders
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Hear the latest cross jurisdictional developments in wealth planning, tax, regulation, investing, retirement and protection
  • Members-only access to the Editor’s weekly news roundup newsletter
  • Members-only access to analysis via our exclusive industry polls
  • Be the first to hear about our events and awards programmes

Join now


Already a International Investment member?