The European Commission is to undertake a “thorough assessment” of the European Union’s anti-money laundering (AML) strategy after EU finance ministers called for the creation of a new central supervisory body.
Finance ministers from six EU member states – Germany, France, Italy, Spain, the Netherlands and Latvia – put forward a joint position paperproposing a new EU money-laundering and terrorist financing ‘supervisory function’ and a harmonised European regulatory framework.
