terrorist financing

14 Sep: A new EU Anti- Money Laundering and Countering Financing of Terrorism Authority

Editor’s Blog: Produced in collaboration with the EU Buzz team 

Anti-Money Laundering and Countering Financing of Terrorism, often seen as AML/CFT, is a modern day phenomenon that the European Union has had to quickly adapt to and address. Money laundering and terrorism financing pose a serious threat to the integrity of the EU economy, financial system and security of its citizens. Currently there are delays in implementation of the EU directive to enforce new rules, as well as a divergence in national rules which results in fragmented approaches across the EU. There is also no central coordination body at EU …