Lawmakers from a range of EU political alliances want to revive a now-dormant committee to review money laundering and tax-related issues on a more permanent basis following massive compliance violations in Denmark, Germany, Latvia, Sweden and elsewhere in Europe.
EU officials are considering creating a European financial intelligence unit to more effectively combat cross-border criminal activity as part of a wider plan to centralize and harmonize anti-money laundering supervision in the bloc, a draft document shows.
The European Union's executive branch advanced a raft of measures Thursday to strengthen the bloc's defenses against financial crime, including a new blacklist of countries that present a high threat of illicit finance and proposals for an EU-wide anti-money laundering supervisor.