Financial Services Financial Services

EU money-laundering reports need to be more holistic, EBA says

By Jack Schickler
  • 10 Sep 2020 09:50
  • 10 Sep 2020 09:50

EU banks should take a more holistic view of reporting money-laundering suspicions, rather than “tick-box” compliance that piles paperwork on industry and enforcers alike, the European Banking Authority has said. 

Insurers, cryptocurrency and investment banks could also fall into the net of EU’s laundering controls, under proposals put forward by the

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