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EU Seeks Greater Influence Inside FATF

By Koos Couvée

As the European Union considers new strategies and structures to address financial crime following a series of largescale money-laundering scandals, officials also want the bloc to strengthen its position within the Financial Action Task Force. In a copy of a forthcoming action plan published by Politico last month, the European Commission, the EU's executive branch, further outlines a proposal for a European financial intelligence unit, a single, bloc-wide anti-money laundering supervisor and a unified set of AML rules that would apply universally across all 27 members. The measures, which, according to the plan, the EU would implement by 2023, accompany...

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