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New EU AML Regulation Could Supercharge Financial-Intelligence Sharing

Koos Couvée
London Bureau Chief

Banks in the EU are beginning to explore how they can most effectively leverage new EU-wide anti-money laundering rules that analysts say will allow them to share financial intelligence with public authorities and other private companies on an unprecedented scale. On May 30, the Council of the EU, which represents the bloc's 27 national governments, gave the final nod to a sweeping package of initiatives that will, among other reforms, establish a new, EU-level Anti-Money Laundering Authority, or AMLA, and introduce a harmonized set of AML rules through a bloc-wide regulation that will take effect in 2027. Article 75 of...

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