EU’s new Anti-Money Laundering Authority to scrutinise financial institutionsBy Aliya Shibli
January 22, 2024
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 ...
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