Fight against money laundering and terrorist financing: Commission assesses risks and calls for better implementation of the rules
Today's package will serve as a basis for future policy choices on how to further strengthen the EU anti-money laundering framework.
Věra Jourová, Commissioner for Justice, Consumers and Gender Equality said: "We have stringent anti-money laundering rules at EU level, but we need all Member States to implement these rules on the ground. We don't want to see any weak link point in the EU that criminals could exploit. The recent scandals have shown that Member States should treat this as a matter of urgency.”
The "Towards a better implementation of the EU's anti-money laundering and countering the financing of terrorism framework" Communication gives an overview of the four reports published today: the supranational risk assessment report provides an update of sectorial risks associated with money laundering and terrorist financing. The assessment of recent high-profile money laundering cases in the financial sector, the Financial Intelligence Units and the interconnection of central bank account registries' reports analyse the shortcomings in current anti-money laundering supervision and cooperation, and identifies ways to address them.
The full European Commission press release with attachments is available here.