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EU heavyweights call for new supervisory body to fight money laundering

November 09, 2019 Vanguard, National

The European Union’s largest states are pushing for the establishment of a new supervisory authority that would take over from states the oversight of money laundering at financial firms, after a series of scandals at the bloc’s banks. In a joint statement, Germany, France, Italy, Spain, the Netherlands, and Latvia said the 28-country EU needed a “central supervisor” to tackle the flow of dirty money within the bloc’s financial system. ALSO READ: White House official says he heard U.S. Continue reading EU heavyweights call for new supervisory body to fight money laundering at Vanguard News. […]

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