The Commission has today adopted two proposals to reinforce the EU’s existing rules on anti-money laundering and fund transfers. The threats associated with money laundering and terrorist financing are constantly evolving, which requires regular updates of the rules.EC_PressRelease_AML_5.2.13
W-T-W.org
Women and Finance
This updating is very important. Thank you for pointing it out.
The EU proposals are a step forward in closing some of the existing AML/CFT loopholes.
Weak implementation and enforcement. Missing Supervision, Controls and Sanctions.
The real problem in the fight against money laundering however is not the lack of rules but the lack of will to implement and enforce them.
Luise