European Commission proposes AML powers for EBA
Jean-Claude Juncker sets anti-money laundering as a priority for the European Union
The European Union is moving closer to handing new anti-money laundering (AML) powers to the European Banking Authority (EBA), as well as additional resources to meet the new mandate.
In his ‘State of the Union’ address today (September 12), EC president Jean-Claude Juncker announced the measures as part of a push to complete a European “security union”, which also includes tools designed to crack down on terrorism.
“The fight against money-laundering and terrorist financing is a priority for
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