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Scandal-hit Danske Bank, ING Back Calls for Single EU Agency to Combat Money Laundering
By Koos Couvee
printSenior executives from scandal-hit European lenders ING and Danske Bank backed calls Wednesday for a centralized authority to enforce anti-money laundering rules across the European Union. Diederik van Wassenaer, ING's global head of regulatory affairs, told European lawmakers the money-laundering scandals that recently rocked his institution highlight the need for a "dedicated European-wide AML supervisor." "A single authority would be best placed to connect the dots and therefore protect the financial stability and the integrity of the financial system," van Wassenaer told members of the European Parliament's special committee on financial crime. European officials should also enable institutions to share...
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