BREAKING NEWS

BREAKING NEWS

ECB steps up scrutiny of banks at high risk of money laundering

Now Reading :

ECB steps up scrutiny of banks at high risk of money laundering

ECB steps up scrutiny of banks at high risk of money laundering
@ Copyright :
Rafael Marchante(Reuters)
Text size Aa Aa

FRANKFURT (Reuters) - The European Central Bank is stepping up scrutiny of banks at high risk of money laundering activity by launching a dedicated network of supervisors, its chief supervisor Daniele Nouy said on Tuesday.

"The AML (anti-money laundering) Office will set-up and chair 'an AML Network' among Joint Supervisory Teams in charge of the banks whose business model leads to a high level of money laundering risks," Nouy told European Union parliamentarians.

(Reporting By Francesco Canepa; Editing by Balazs Koranyi)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.