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Europe Daily Bulletin No. 12411

25 January 2020
Contents Publication in full By article 17 / 34
ECONOMY - FINANCE - BUSINESS / Money laundering
Experts are looking at how artificial intelligence can be used in fight against money laundering
Brussels, 24/01/2020 (Agence Europe)

On Thursday 23 January, experts at an event in Brussels organised by the Association of CharteredCertified Accountants (ACCA), EY and Visa, discussed how new technologies such as artificial intelligence (AI), machine learning and robotic process automation can help transform the fight against financial crime, including money laundering.

In general, the speakers recognised the potential of AI, which they believe increases the capacity to collect and process data.

Marja Laitinen, head of the

Contents

SECTORAL POLICIES
MIGRATION: pending Immigration Pact, Member States take stock of urgent migration issues to be addressed
SPACE: European Commission wants to move up a gear in space debris management
AGRICULTURE: current measures to counter US sanctions are insufficient, say MEPs
CIRCULAR ECONOMY: loopholes in Single-Use Plastics Directive may undermine its effectiveness, say NGOs
COMPANIES: SME Instrument is effective, but could be improved, says European Court of Auditors
PUBLIC PROCUREMENT: MEP Christophe Grudler criticises Frontex's attitude of favouring purchase of US drones
TRANSPORT: commercial vehicle registrations increased by 2.5% in 2019, according to ACEA
EXTERNAL ACTION
WTO: in Davos, 17 States agree on interim appeal mechanism for trade disputes
IRAN: Borrell announces extension of timetable for dispute resolution mechanism
WESTERN BALKANS: Michel announces meeting with regional leaders on 16 February
TURKEY: “We need to keep Turkish EU accession process on track”, says new European Parliament rapporteur
ARAB LEAGUE: EU and Arab League representatives want to strengthen their cooperation
NIGERIA: EU mobilises €26.5 million in humanitarian aid for victims of conflict in north-east of country
INSTITUTIONAL
POLAND: Commission “very concerned” again about situation regarding rule of law after adoption of a controversial new law
FUTURE OF EU: agreement hoped for in EU Council on outline of Conference on Future of Europe
ECONOMY - FINANCE - BUSINESS
FINANCE: international consortium to oversee cryptocurrencies launched in Davos
MONEY LAUNDERING: experts are looking at how artificial intelligence can be used in fight against money laundering
STATE AID: Estonia must recover 1.2 million euros of illegal aid from AS Tartu Agro
NEWS BRIEFS
BUDGET: European Parliament negotiating team travels to Croatia on Monday 27 January to discuss MFF 2021-2027
TRADE: composition of political groups of Parliamentary Committee on International Trade (INTA) after Brexit
ECONOMY: average government debt down to 86.1% of GDP in euro area in third quarter of 2019
ENERGY: EU to facilitate dialogue between offshore wind and fisheries stakeholders, says WindEurope
ENERGY: group of 21 oil and gas companies commit to focus on reducing their methane emissions
GUYANA: EU to deploy Election Observation Mission for parliamentary elections
INTERNAL MARKET: European Commission launches consultation on electromagnetic compatibility of electrical equipment
GMO: RAGES research project demonstrating inadequacy of risk assessment in Europe presented to European Parliament
WTO: fisheries subsidies, Commission is submitting a new text to facilitate talks
FISHERIES: seminar on coexistence between fisheries and wind farms
CZECH REPUBLIC: European Parliament fact-finding mission from 26 to 28 February to assess alleged conflict of interest involving Andrej Babiš
UNITED KINGDOM: João Vale de Almeida to become first ever Head of EU Delegation
SOCIAL: Croatian EU Council Presidency puts coordination of social security systems at top of its agenda
The B-word: Agence Europe’s newsletter on Brexit
THE B-WORD: Brexit in name only?
CALENDAR
Main activities of European Institutions: from 27/01 to 02/02/2020
CALENDAR EXTRA
Other Events: until 9 February 2020