Anti-money laundering - reinforcing the supervisory and regulatory framework
On the back of a number of high profile cases and alleged cases of money laundering, this briefing presents current initiatives and actions aiming at reinforcing the anti-money laundering supervisory and regulatory framework in the EU. This briefing first outlines (1) the EU supervisory architecture and the respective roles of European and national authorities in applying anti-money laundering legislation that have been further specified in the 5th AML Directive and (2) ways that have been proposed to further improve the anti-money laundering supervisory and regulatory frameworks, including the 12 September 2018 Commission’s communication, the changes to the European Supervisory Authority (ESA) Regulation adopted by the co-legislators on the basis of a Commission proposal and the most recent Commission’s state of play of supervisory and regulatory landscapes on anti-money laundering. Some previous AML cases are presented in Annex. This briefing updates an EGOV briefing originally drafted in April 2018. On a more prospective note, this briefing also presents (3) some possible additional reforms to bring about a more integrated AML supervisory architecture in the EU. In that respect, President-elect U. von der Leyen’s political declaration stresses the need for further action without specifying at this stage possible additional supervisory and regulatory developments: “The complexity and sophistication of our financial system has opened the door to new risks of money laundering and terrorist financing. We need better supervision and a comprehensive policy to prevent loopholes.”
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Ámbito político
Palabra clave
- aplicación del Derecho de la UE
- ASUNTOS FINANCIEROS
- Autoridad Bancaria Europea
- banco
- Banco Central Europeo
- blanqueo de dinero
- Derecho de la Unión Europea
- Dinamarca
- directiva (UE)
- economía monetaria
- EMPRESA Y COMPETENCIA
- Estonia
- Europa
- funcionamiento institucional
- GEOGRAFÍA
- geografía económica
- geografía política
- inspección bancaria
- instancia de control
- instituciones de la Unión Europea y función pública europea
- instituciones financieras y de crédito
- Letonia
- libre circulación de capitales
- Malta
- marco político
- organización de la empresa
- Países Bajos
- supervisión financiera
- unión bancaria de la UE
- UNIÓN EUROPEA
- VIDA POLÍTICA
- ética comercial