TMIS Editorial – Urgently required: a centralised European anti-money laundering body


Europe is in dire need of a centralised anti-money laundering body perhaps now more than ever before. Recent events have shown us that such an institution is required to save ourselves from ourselves, after a number of recent cases at European Union banks exposed the bloc’s weakness when it comes to fighting and preventing financial crime.

The concept of having a common, harmonised agency with a coordinated approach is included in a preliminary plan drawn up this week to tighten the EU’s defence against money laundering.

The plan, which was made public on Friday, said such an agency could only

... read more at: http://www.independent.com.mt/articles/2018-09-09/newspaper-leader/TMIS-Editorial-Urgently-required-a-centralised-European-anti-money-laundering-body-6736196081

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