EU Authorities Strengthen Anti-Money Laundering Supervision
The European Banking Authority (EBA) has published a report on actions taken by competent authorities to address its findings and recommendations.
This report follows in-depth reviews of 40 competent authorities’ approaches to tackling money laundering and terrorist financing risks in banks across EU and EEA Member States.
- The EBA carried out reviews over the last six years.
- Recommendations were made to improve the effectiveness of anti-money laundering and counter-terrorism financing supervision.
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Author's summary: EU strengthens anti-money laundering supervision.