In light of scandals involving several European banking groups, the European Union has reinforced its weaponry to tackle money laundering and terrorist financing. However, the architecture in place could be better, several of those attending the Eurogroup meeting in Vienna on Friday 7 September acknowledged.
Given recent events, “we should do more collectively”, stressed the President of the Eurogroup, Mario Centeno. ECB board member Benoît Cœuré stressed the support of the...