EU regulators must co-operate more over money laundering – EBA head
EBA will set up cross-border AML “colleges” but governments need to improve mandates, says Campa
European Union regulators are still not doing enough to deal with money laundering, as they fail to co-operate across borders and are often hampered by inadequate resources and mandates, a senior official said.
European Banking Authority chairman José Manuel Campa told members of the European Parliament on September 5 that the agency had found different countries’ financial supervisors were still not co-operating enough on anti-money-laundering (AML) efforts. He also said that some countries
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