#MONEY LAUNDERING
Greece Moves to Toughen Financial Crime Controls Ahead of EU AML Push
The new Action Plan for the Prevention and Combating of Money Laundering is expected to be endorsed on Tuesday.
Europe Moves Toward Centralized Anti-Money-Laundering Oversight
Under the proposed framework, financial supervisors across the bloc would be required to exchange information on suspicious transactions, internal-control failures and potential sanctions in near real time.
Greek Regulators Shut Down Payment Service Used for High-Level Money Laundering
Greek regulators have cracked down on a payment service allegedly used by senior government officials to funnel illegal funds through betting accounts, exposing gaps in the country’s anti-money laundering framework.