ECONOMY - FINANCE - BUSINESS / Money laundering

EBA unveils first results of its review of national competent authorities’ supervisory approaches

Brussels, 05/02/2020 (Agence Europe)

The European Banking Authority (EBA) published on Wednesday 5 February its first report on the competent national authorities’ approaches to the supervision of banks in the fight against money laundering.

Indeed, this is one of the new tasks entrusted to it following the review of the European financial supervision architecture.

For this first report, the EBA reviewed the approaches of seven competent authorities - which it does not name - in five Member States to assess the money...