Representatives of the global community of data protection and privacy enforcement authorities are joining together to express shared concerns about the privacy risks posed by the Libra digital currency and infrastructure.
An organised crime group involved in extended online fraud and money laundering in several European countries was targeted by the Irish and Finnish national authorities with Eurojust’s support.
A summary of the exchange of views, with a focus on digital, food & drink and finance policies, is now available.
A summary of the exchange of views, with a focus on digital, transport and finance policy, is now available.
The EBA published today an Opinion on the link between money laundering and terrorist financing concerns and prudential objectives. This Opinion forms part of the EBA’s ongoing work to strengthen the fight against money laundering and terrorist financing in Europe and responds to a request in the Council Anti Money Laundering Action Plan of 2018.
The European Commission is today adopting a Communication and four reports that will support European and national authorities in better addressing money laundering and terrorist financing risks. The Juncker Commission put strong EU rules in place with thefourth and the fifth Anti-Money laundering directives and reinforced the supervisory role of the European Banking Authority. The reports stress the need for their full implementation while underlining that a number of structural shortcomings in the implementation of the Union’s anti-money laundering and counter terrorist financing rules still need to be addressed. Today’s package will serve as a basis for future policy choices on how to further strengthen the EU anti-money laundering framework.
An organised crime group involved in extended online fraud and money laundering in several European countries was targeted by the Irish and Finish national authorities with Eurojust’s support.
Eurojust actively supported the national authorities of 15 countries in taking down an organised crime group (OCG) involved in pimping and money laundering. Eurojust swiftly set up a joint investigation team (JIT) with Spain, Finland and Sweden to speed up the criminal investigations into the OCG. 11 EU Member States and 4 third countries participated in a joint action, coordinated by Eurojust, which resulted in the arrest of the main suspects of the OCG in Malta, Romania and Finland. Almost €0.5 million in cash, as well as equipment, illegal assets, such as luxury items, false documentation, and cryptocurrencies were seized, and several web domains were confiscated. Companies’ shares and bank accounts worth €1.5 million were frozen and 17 house searches were carried out.
Over 100 representatives from 46 Financial Intelligence Units (FIUs) visited Europol today on the margins of the Egmont Group Plenary meeting in The Hague. The financial crime experts were presented with some of the core activities of Europol.
This briefing provides an overview of the European Parliament’s expectations and priorities for the banking union as set out in its annual Banking Union reports during the 8th legislative term. The main themes found in these reports over the last 4 years are highlighted in the first section of this briefing, while the second part turns to the ECB Banking Supervisor’s response to the 2017 Banking Union report, the most recent response available, as well as concrete actions expected from the SRB, who as yet have not provided a formal response. The annex of the briefing includes a comparison of the positions taken by the EP in the annual reports in the following policy areas: banking developments and structures; institutional and organisational issues; regulatory issues; completing the banking unions; risk assessment; supervisory issues and priorities; crisis management; and policies related to Anti-Money-Laundering (AML).