EU’s largest states push for joint supervisor against money laundering

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EU’s largest states push for joint supervisor...
 © In-Cyprus 2019

The European Union’s largest states are pushing for the establishment of a new supervisory authority that would take over from states the oversight of money laundering at financial firms, after a series of scandals at the bloc’s banks.

In a joint statement, Germany, France, Italy, Spain, the Netherlands and Latvia said the 28-country EU needed a “central supervisor” to tackle the flow of dirty money within the bloc’s financial system.

The move comes after European lenders were shut down over money laundering in Latvia, Malta and...


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EU’s largest states push for joint supervisor against money laundering


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Article Tags: largest, states, joint, supervisor, against, money, laundering,