European Finance Ministers discussed the progress made in the fight against money laundering and possible future reforms in camera on Thursday 10 October.
According to a European source, the ministers took note of the shortcomings identified by the Commission in its four reports published on 24 July last (see EUROPE B12303A2). In doing so, they recognised that the current framework is unlikely to be sufficient to overcome them and that further reforms will be required. However, there are...