The EBA works to understand the impact of the ‘Luanda Leaks’

We are carrying out a fact-finding exercise to understand the nature and scale of the regulatory issues raised by the ‘Luanda Leaks’ and their impact on the integrity of the EU’s financial system. We are particularly interested in the actions prudential and AML/CFT authorities have taken in response to those leaks.

The term ‘Luanda Leaks’ refers to a series of documents relating to the financial affairs of Ms Isabel dos Santos, the daughter of a former president of Angola. These documents suggest that Isabel dos Santos may have been using the EU financial system for money laundering purposes. The European Parliament has asked the EBA to investigate.