Communication on strengthening the Union framework for prudential and anti-money laundering supervision

The European Commission is proposing today to further strengthen the supervision of EU financial institutions to better address money-laundering and terrorist financing threats.

The Commission is proposing to concentrate anti-money laundering powers related to the financial sector into the European Banking Authority (EBA). It also proposes to strengthen the EBA’s mandate to ensure that all relevant authorities effectively and consistently supervise the risks of money-laundering and that they cooperate and share information.

• Press release
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• Text of the communication and of the proposal for a regulation