ECONOMY - FINANCE - BUSINESS / Banks

Danièle Nouy makes case for new European institution responsible for overseeing correct application of anti-money laundering legislation

Brussels, 26/03/2018 (Agence Europe)

In the light of the recent case of the Latvian bank ABLV, the chair of the single supervisory board of the European Central Bank (ECB), Danièle Nouy, called on Monday 26 March for a European institution to be set up to supervise the correct application of the anti-money laundering legislation.

Nouy, who was reporting back to the MEPs of the committee on economic and monetary affairs of the European Parliament on the monetary institute's supervisory activities in 2017, also identified...