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 reviews resulted in recommendations to improve the effectiveness of anti-money laundering and counter-terrorism financing supervision.
The European Banking Authority (EBA) has published a report taking stock of actions by all competent authorities to address its findings and recommendations.
The EBA carried out these reviews over the last six years.
- 40 competent authorities were reviewed.
- Reviews focused on tackling money laundering and terrorist financing risks.
Author's summary: EU strengthens anti-money laundering rules.
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