We use cookies on this site to enable your digital experience. By continuing to use this site, you are agreeing to our cookie policy. close

EU Agrees To Hand Greater AML Supervisory Power To EBA

Law360, London (December 19, 2018, 5:28 PM GMT) -- European Union ambassadors said on Wednesday that they have agreed to proposals that will strengthen the European Banking Authority's oversight of money laundering risks in the bloc's banks, in light of a string of European scandals.

The ambassadors waved through measures agreed to by the European Council earlier this month that will give the EBA more power to monitor money laundering and terrorist financing threats in the EU. This is aimed at ensuring that anti-money laundering rules are effectively applied in all member states and that national regulators are exchanging information.

Under the agreed-to text, the EBA will take on the...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS