Eliminating variances in anti-money laundering rules and supervision in the European Union requires a regulation that would apply uniformly across the bloc's 28 member nations, and an EU-level agency to ensure compliance, according to officials.
Nations up for inclusion on a controversial blacklist of non-EU jurisdictions with weak controls against financial crime would have more time to address their shortcomings under an alternative proposal now under development, a senior official told ACAMS moneylaundering.com.
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