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Baltic Nations Ambivalent Over EU-level AML Supervision

By Koos Couvée

Baltic officials on Wednesday showed indifference to the European Union's push to centralize anti-money laundering regulation, supervision and enforcement in the 27-nation bloc, and at times cast doubt over the initiative's chances for success. Next month, the European Commission, the EU's executive branch, is expected to publish a long-awaited, final proposal to improve AML regulation and enforcement across the bloc by developing a uniform set of rules, and creating a new agency to directly supervise, or oversee national supervision of, institutions considered highly vulnerable to financial crime. Baltic officials speaking at the virtual ACAMS Baltics Symposium 2021 on Wednesday said...

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