Anti-money laundering and countering the financing of terrorism supervision of banks is improving, the EBA finds 

Today, the EBA published a Report that takes stock of the actions taken by all competent authorities to address the EBA’s findings and recommendations. This follows in – depth reviews carried out by the EBA of all 40 competent authorities approaches to tackling money laundering and terrorist financing (ML/TF) risks in banks in all EU/ EEA Member States over the last 6 years, issuing recommendations when necessary to improve the effectiveness of anti-money laundering and counter terrorism financing (AML/CFT) supervision. Read More