EU officials on Tuesday published a wide-ranging plan to make life difficult for financial criminals by banning bearer shares, forcing transparency on legal entities, subjecting "golden passport" companies to anti-money laundering rules and enacting a swathe of other reforms.
European lenders want a broad overhaul of the EU's AML framework amended substantially, including by making the proposed rules less prescriptive and adding provisions to support public-private partnerships, the European Banking Federation told ACAMS moneylaundering.com.