The European Council adopted a directive Wednesday ordering member-states to lessen bank resistance to account applicants from other EU nations as part of an initiative to foster cross-border hiring.
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.
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.
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