A news release from the European Banking Authority on 22 February advised that the EBA has released the findings of its assessment of competent authorities’ responses to the 2020 Luanda leaks. It found that competent authorities across the EU adopted significantly different approaches for identifying and tackling money laundering (ML) and terrorist financing (TF) risks highlighted by the leaks. These approaches varied beyond what the EBA would have expected under a risk-based approach. The Luanda Leaks involved information contained in the documents leaked by the International Consortium of Investigative Journalists (ICIJ) on the financial affairs of Isabel dos Santos or her associates raised a number of concerns included the risk that financial institutions in the EU were handling the proceeds from corruption in Angola.
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