EU weighs new supervisor in fight on money laundering

Pedro Gonçalves
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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...

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