Calls for dedicated EU anti-money laundering agency

The European Central Bank board member Benoit Coeure called for a dedicated EU anti-money laundering on Friday.

Addressing the press in the context of the Eurogroup meeting in Vienna on Friday, Coeure talked about plans for a dedicated EU agency in the long run. In the short run, he talked “shared responsibility” to do more than is currently being done.

The President of the Eurogroup, Mario Centeno, expressed the hope for a concrete set of policy proposals by the end of the year, so that action may be taken before the European elections of May 2019. Actual legislation is not expected before a new European Parliament and European Commission come into office in the autumn of 2019.

New Europe 

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