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

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