The European Court of Auditors said in a special report published on Monday 28 June that the EU’s anti-money laundering supervisory framework is too fragmented and uncoordinated.
The auditors first looked at the European Commission’s action. In particular, they found that its risk analysis procedure lacked a geographical dimension and did not effectively prioritise risks.
They also conclude that the transposition of EU legislation in this area is complex and uneven and that the...