EU PLAN ON BANK MONEY LAUNDERING PUSHES BACK ACTION TO NEXT YEAR

Reuters on 6th September reported that EU regulators have drawn up a preliminary plan for a possible tightening of rules against money laundering after a series of high-level cases.  Despite earlier pledges of new measures by the end of the year, the preliminary plan foresees that most actions could be undertaken by mid-2019 or the end of 2019; with new guidelines on how to address money laundering at banks, more co-operation among the several EU and national agencies that are responsible for countering financial crime and supervising banks, and more powers for the EBA.

https://www.reuters.com/article/us-eu-banks-moneylaundering/eu-plan-on-bank-money-laundering-pushes-back-action-to-next-year-idUSKCN1LM1FQ

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s