Public hearing on “Combatting Money-Laundering in the EU Banking system”

Paul-Henri Spaak (5B001)
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In light of the recent serious allegations of money laundering involving some EU financial institutions, particularly Danske Bank and ING Groep, the TAX3 Committee has decided to hold a hearing on money laundering in banks on 21 November 2018 with a view to improving the financial supervisory system. This hearing is the second one that held by the TAX3 Committee on this particular matter.

At the first one held on 26 April 2018, supervisory institutions and financial intelligence units of some Members States particularly vulnerable to money-laundering activities in banks (Malta, Estonia, Latvia) participated.

A first part of the hearing of 21 November will be devoted to discussing with Danske Bank, ING Groep, the Swedish Bankers' Association, a whistle blower and an expert, recent serious accusations of money-laundering and how to effectively implement effective anti-money laundering policies internally within banks. The second part of the hearing will consist of an exchange of views with the European Banking Authority and the Commission about seamless cooperation between anti-money laundering and prudential supervisors in the EU and the role of the EBA in anti-money laundering supervision of the financial sector.