EU considers creating anti-money-laundering watchdog
Kaja Tael, permanent representative to the EU from Estonia

EU considers creating anti-money-laundering watchdog

The move follows a series of scandals about dirty money passing through European banks

The Council of the European Union on 5 December backed plans for creating an independent agency to combat money laundering. In a statement, finance ministers asked for more “effective cooperation” among authorities, and urged the Commission to consider the advantages and disadvantages of “conferring certain supervisory responsibilities and powers to an EU body”.

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