Financial Crime Financial Crime

Big EU banks singled out for laundering scrutiny face stigma, lawmaker Garicano warns

By Jack Schickler
  • 21 Jan 2022 08:25
  • 21 Jan 2022 08:25
Large EU banks’ supervision by a central money laundering agency could lead to stigma and bank runs, lawmaker Luis Garicano has warned, adding that he wants to see reforms to data protection rules that would stop criminals exploiting the system.

Garicano, a Spanish lawmaker responsible for marshaling the European Parliament’s views

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