EU states push for money laundering supervisor after scandals

Pedro Gonçalves
EU states push for money laundering supervisor after scandals

Germany, France, Italy, Spain, the Netherlands and Latvia are pushing for the establishment of a new supervisory authority that would take over from national oversight of money laundering at financial firms after a series of scandals with European banks. In a joint statement, these EU heavyweights said that the 28-country EU needed a "central supervisor" to tackle the flow of dirty money within the bloc's financial system. "Where large financial interests are at stake, there is a risk o...

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