THE EUROPEAN COMMISSION HAS TABLED A PROPOSAL TO ESTABLISH A NEW EU AUTHORITY TO COUNTER MONEY LAUNDERING AND THE FINANCING OF TERRORISM

On 15 September, a briefing from the EU Parliament Research Service says that the agency would be the centre of an integrated system composed of the Authority itself and the national authorities with an AML/CFT supervisory mandate. It would also support FIU and establish a cooperation mechanism among them.  

https://www.europarl.europa.eu/RegData/etudes/BRIE/2022/733645/EPRS_BRI(2022)733645_EN.pdf

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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 View all posts by raytodd2017