ECB calls for EU agency to combat money laundering

From reuters.com

Europe needs a single agency to tackle money laundering, European Central Bank board member Benoit Coeure said on Friday after recent cases at European Union banks that have exposed gaps in the bloc’s ability to prevent financial crime.“We support any initiative that leads to a more harmonized and more coordinated approach to anti-money laundering. Ideally this would be a single agency,” Coeure told a news conference after a meeting of euro zone finance ministers in Vienna. The idea of a common agency is included in a preliminary plan drawn up by EU regulators last week to tighten the EU’s defense against ... (full story)