The European Union Tuesday further restricted Russia's access to the continent's financial markets and energy technology industry and promised targeted sanctions against individuals and entities on Wednesday.
As European Union leaders negotiate a final version of the bloc's latest anti-money laundering directive, questions remain on how its proponents will overcome legal and political hurdles to its implementation.
EU nations may soon require banks to turn away fewer account applicants, and justify when they do, after the economic bloc's lawmakers adopted a directive meant to foster cross-border hiring.
An EU plan approved Thursday that could force banks in member-states to open accounts for most applicants would complicate anti-money laundering compliance efforts, according to critics.
print