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Europe’s FIUs Seek Power to Suspend Transactions in Fourth Directive
By Kieran Beer
printEurope's financial intelligence units are asking the European Commission for uniformity in their ability to suspend suspicious transactions under a forthcoming anti-money laundering directive, a Dutch official said Monday. Twenty-seven financial intelligence groups, known as FIUs, have submitted their request to the EU organization, which is set to publish its Fourth European Anti-Money Laundering Directive this fall, according to Hennie Verbeek-Kusters, who heads the Netherlands FIU. Verbeek-Kusters disclosed the request at the ACAMS 8th Annual European Anti-Money Laundering Conference in Amsterdam. "What we'd like to see is the FIUs have the power to suspend financial transactions" she said, adding that...
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