Digital Transformation

EU’s new Anti-Money Laundering Authority to scrutinise financial institutions

By Aliya Shibli
Anti-Money Laundering Authority
Image via Getty

The European Council and European Parliament have reached a provisional agreement to create an authority for countering money-laundering and the financing of terrorism.

The Anti-Money Laundering Authority will have direct supervisory powers over high-risk cross-border institutions and indirect supervisory powers across all other entities in the financial sector, with oversight ...

To continue reading
Request Free Trial

  • Unlimited access to all content.
  • Email alerts highlighting key industry insight.
  • Invitations to attend exclusive roundtables and events.

Read Next:

Basel AML Index
Opinion, Risk Management
December 19, 2023

Risk round-up: Tech alone won’t solve AML/CFT challenges in 2024

Risk professionals and regulators must focus on good-risk management fundamentals in 2024
Read more