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Europe Daily Bulletin No. 12303

25 July 2019
ECONOMY - FINANCE - BUSINESS / Money laundering
Commission identifies structural weaknesses in compliance with European anti-money laundering rules
Brussels, 24/07/2019 (Agence Europe)

The European Union's recently strengthened regulatory framework to combat money laundering and terrorist financing is one of the strictest in the world, the European Commission admits. But the Commission is of the opinion that compliance with European rules by both economic operators and the competent authorities suffers from structural weaknesses that have not prevented several large-scale scandals, such as the one involving Danske Bank, estimated at over €200 billion.

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