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EU officials want prudential regulators to play a greater role in ensuring effective anti-money laundering supervision of financial institutions following a series of scandals in which European banks allegedly laundered billions of dollars for financial criminals. In a May 8 letter obtained by Politico, senior officials at the European Commission, the executive arm of the European Union, invited the bloc’s three prudential regulators and the European Central Bank to join a forum tasked with planning how to improve “practical coordination of AML supervision” of lenders and other financial institutions. Recent money-laundering incidents have precipitated bank collapses and exposed “clear links”...