EU needs single anti-money laundering body, EBA says
EBA calls for EU to include investment and crypto-asset firms in scope of tougher AML/CFT laws
The European Banking Authority has called for the creation of a single body to oversee the European Union’s anti-money laundering and counter the financing of terrorism efforts.
The EBA also calls for the EU to increase its ability to regulate member states’ AML/CFT efforts by bringing in a formal regulation on the matter. Existing EU regulations on AML/CFT diverge too widely between countries, the EBA argues in an official opinion published on September 10.
The EBA has made similar arguments
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