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European Commission to Propose Revisions to AML Rules
By Colby Adams
printThe European Commission will propose two measures next week to update the EU's Third Anti-Money Laundering Directive and a primary regulation governing wire transfers, a spokesperson for the organization said Friday. The proposals, which will be presented on Tuesday, are designed to implement revisions made in Feb. 2012 by the Paris-based Financial Action Task Force's to its 40 recommendations on how to fight money laundering and terrorist financing, commission spokeswoman Audrey Augier said in an e-mail. One of the proposals would recommend uniform sentencing guidelines for money laundering offences in the EU, she said. Revisions to the EU's 2006 regulation...
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