REPORT: AML IN THE EU – TIME TO GET SERIOUS

The Centre for European Policy Studies has released a report saying that between 2 and 5% of global GDP is thought to be laundered every year, whereas only 1.1% is recovered. Anti-money laundering encompasses combating tax avoidance, the financing of terrorism, human (and human organ) trafficking, state-sponsored and corporate bribery, and the proceeds from drug-trafficking and other illegal activities.  Unfortunately, it says, the current AML regulations have brought little success.  This report sets out the following key recommendations for a new approach to the fight against money laundering.

https://mailchi.mp/1118ebbb142f/ceps-ecri-publication-anti-money-laundering-in-the-eu-time-to-get-serious?e=0f15a4b9a9

I would be grateful for any modest contribution for my time and ongoing costs of computer, relocation, and (still ongoing) removal costs, I have a page, where contributions start as low as $3, at https://www.buymeacoffee.com/KoIvM842y

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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