EU Regulator Calls For Tougher Bloc-Wide AML Rulebook

Law360, London (September 10, 2020, 3:30 PM BST) -- Europe's banking watchdog urged the European Commission on Thursday to create a single anti-money laundering rulebook across the bloc to ramp up the fight against dirty money flowing through the region's banking sector.

The European Banking Authority wants the EU's executive arm to create a single bloc-wide regime to fight money laundering. (iStock) The European Banking Authority is urging the bloc's executive arm to create a single bloc-wide regime to fight the problem of criminal money and to ensure that the rules are enforced equally in all member states.

The rules "should be strengthened to tackle vulnerabilities linked to divergent national...

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