Eliminating variances in anti-money laundering rules and supervision in the European Union requires a regulation that would apply uniformly across the bloc's 28 member nations, and an EU-level agency to ensure compliance, according to officials. Those and other reforms were unveiled Wednesday alongside a tranche of reports, including a "supra-national risk assessment" and a review of cooperation between financial intelligence units, or FIUs, and a "post-mortem" analysis of several large scale money-laundering scandals that have plagued the bloc in recent years. "Our analysis suggests that we should pursue the path towards more competence at the EU level, and a single...
The European Commission adopted a communication and published four accompanying reports concerning efforts towards better implementation of the EU's anti-money laundering and counterterrorist financing framework.
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