Proposal to create EU agency to supervise banks is a major step towards ending decades-long abuse
European Commission has put forward an ambitious proposal to curb money laundering; Council and Parliament must follow throughTransparency International welcomes the new legislative proposal to improve the European Union’s (EU) anti-money laundering framework, released by the European Commission today. In particular, the Commission’s proposal to establish a new EU anti-money laundering agency and making it a “centrepiece” of the bloc’s supervisory framework can be a game-changer in fighting cross-border financial crime. In recent years, numerous scandals have laid bare the indispensable