EU heavyweights call for new supervisory body to fight money laundering

Uncategorized

EU heavyweights call for new supervisory body to fight money laundering

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.

Vanguard News

Leave a Reply

Your email address will not be published. Required fields are marked *