During an online conference organised by AML Intelligence on 17 May, the European Commissioner for Financial Services, Mairead McGuinness, outlined the package of measures to better combat money laundering, which are expected to be rolled out in early July.
The main measure, as announced in the May 2020 action plan (see EUROPE B12482A8), was the creation of a new authority dedicated to combating money laundering. According to Ms McGuinness, it should be in place by 2024, be fully staffed...