The current approach to anti-money laundering in the EU leaves the Member States significant space to adopt national rules. However, the resulting fragmentation has proven one of the main enablers in recent money laundering cases. The Commission welcomes feedback on what rules should be further harmonized to remedy this fragmentation and new areas that should be covered by EU rules. Effective coordination of activities among Financial Intelligence Units is of crucial importance given the cross-border nature of much money laundering. To achieve this, the Commission proposes to create a support and coordination mechanism at the EU level. Stakeholder views are welcomed on the tasks that the mechanism should carry out and the body that should host it. Finally, the Commission welcomes feedback on how to leverage information exchanges and how to ensure that the EU plays a substantial role in the global fight against money laundering and terrorism financing. Read more here.
Source: European Commission