On 13 May, Wilmer Hale published an article saying that on 7 May the Commission issued a comprehensive and ambitious Action Plan and public consultation designed to strengthen the EU legal framework to fight against money laundering and terrorist financing, following a wave of recent high-profile money laundering scandals at European banks. The article focuses on the Action Plan’s proposal to establish a new EU-level supervisory and enforcement body to monitor and enforce companies’ compliance with EU AML/CFT legislation.  The Action Plan is built on 6 pillars aimed at harmonising EU rules.  Available for consultation, respondents have until 29 July to reply.




If you’d like to help to contribute to the cost of the new laptop and desktop I have had to acquire, now that I am 5,000 miles away from my originals –

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

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