ECB's Coeure says EU should have agency to fight money laundering

Benoit Coeure, board member of the European Central Bank (ECB), is photographed during an interview with Reuters journalists at the ECB headquarters in Frankfurt, Germany, May 17, 2017. Picture taken May 17, 2017. REUTERS/Kai Pfaffenbach - Copyright Kai Pfaffenbach(Reuters)

By Reuters

Published on 07/09/2018 - 13:34•Updated 25/04/2024 - 12:18

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VIENNA (Reuters) - The best way for the European Union to counter money laundering would be to set up a single agency to supervise possible financial crimes at banks, European Central bank board member Benoit Coeure said on Friday.

"We support any initiative that leads to a more harmonised and more coordinated approach to anti-money laundering. Ideally this would be a single agency," Coeure told a news conference after a meeting of euro zone finance ministers in Vienna.