May 13, 2020 BY Steffy Bogdanova
European Commission announces a plan to fix flaws in AML and CTF rules
The new plan will disrupt the current model of supervision, where member state monitors the implementation of EU rules individually. During the first quarter of next year, the EC will propose setting up an EU-level supervisor fix the weaknesses in a loopholes in the current model. The EC calls for the European Banking Authority (EBA)…
Read more