EU plans agency to crack down on flow of dirty money after banks hit by wave of scandals

//EU plans agency to crack down on flow of dirty money after banks hit by wave of scandals

EU plans agency to crack down on flow of dirty money after banks hit by wave of scandals

The EU on Tuesday said it will set up a stand-alone agency to crack down on money laundering across Europe where major banks have been hit by a wave of dirty money scandals.Many cases have involved northern countries such as Denmark, Sweden and Finland with a reputation for playing by the rules, but criminal gangs and terrorism are also a central concern.Revelations often involve bank subsidiaries based in the EU’s Baltic states, through which rich Russians evading taxes and sanctions have…

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By | 2021-07-20T22:55:25+00:00 July 20th, 2021|World|Comments Off on EU plans agency to crack down on flow of dirty money after banks hit by wave of scandals