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07/11/14

Anti-Money Laundering: creating a modern EU framework capable of responding to new threats

The threats associated with money laundering and terrorist financing are constantly evolving, which requires periodic revision of the legal framework. In light of the recent adoption of revised international standards and of the Commission's own review process, a report on the application of the Third Anti-Money Laundering Directive was adopted by the Commission today. The Report analyses how the different elements of the existing framework have been applied and considers how the framework may need to be changed.

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