A Quick Glance At The Role Of The New EU-wide Authority On AML-CFT: The Anti-Money Laundering Authority – Money Laundering
In response to the consequences flowing from the divergent transposition and implementation of EU laws on anti-money laundering and counter-terrorist financing (“AML-CFT“) within EU Member States, and the continued emergence, and increased sophistication, of cross-border financial crime within the EU, in July 2021 the European Commission launched a new AML-CFT legislative package. This legislative package…