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...