#MONEY LAUNDERING
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.