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INSIGHT: Non-financial firms key reason why Euro countries are marked down in AML assessment, MONEVAL official tells conference

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By Dan Byrne for AMLi

INSTITUTIONS OUTSIDE traditional finance are causing the biggest headaches for the Council of Europe in its assessment of anti-money laundering defences, it has been claimed.

Andrew Le Brun, Deputy Executive Secretary of the Council’s AML monitoring body MONEYVAL said that it is one of several problems which leaves “room for improvement” as the agency makes its way across the continent, reviewing AML defences.

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NEWS: Austria opens fraud investigation into Signa’s Benko, ORF reports

 Premium

NEWS: Biden unlikely to cut Iran’s oil lifeline after Israel attack

NEWS: FinCEN, State Dept warn banks on massive increase in fraud using fake US Passport Cards

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