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NEWS: MONEYVAL warns European countries are badly struggling to secure money laundering convictions

BY PAUL O’DONOGHUE, Senior Correspondent

European countries are not securing enough money laundering prosecutions or convictions, MONEYVAL has warned.

The organization, the Council of Europe’s AML body, said in its annual report that the 35 member jurisdictions have “comprehensive legal frameworks and powers to prosecute money laundering”.

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