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Upcoming EU Report to Outline Need to Harmonize AML Efforts, Says MEP
printA group of European Parliament members will soon weigh in on whether lawmakers should create an EU-wide police force and more closely cooperate on border security to stem financial crime, according to Bill Newton Dunn, a British lawmaker on the Special Committee on Organized Crime, Corruption and Money Laundering. Informed by the testimony and research of academics, law enforcement officials and legal professionals, the committee will send recommendations to the EU Commission on how member-states can harmonize criminal laws on money laundering, establish a common set of predicate offenses and strengthen beneficial ownership rules for financial institutions, said Newton Dunn,...
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