28 May 2021 — Publication
Money laundering has devastating consequences for economy and society. It is critical to ensure that the fight against money laundering is effective.
This publication presents recommendations on how to build a more effective anti-money laundering/combating the financing of terrorism (AML/CFT) ecosystem across Europe. Our recommendations aim to better implement the existing AML/CFT legislation. This aligns with the European Commission (EC) intentions for its upcoming proposals: to ensure that the current legislative environment works effectively.
To this end, we propose upgrading the role of: i) non-financial obliged entities – including accountants – ii) supervisors and policy makers. Some of our key recommendations are: