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EU Issues New AML/CTF Plans, But Angers “Blacklisted” Caribbean States, Global Banking Regulation Review

May 20, 2020

Morgan Lewis partner Chris Warren-Smith was interviewed by Global Banking Regulation Review in an article about the European Commission’s newly issued measures to further strengthen the European Union's framework to address money laundering and terrorism financing. The Commission also announced a new methodology to provide more clarity and transparency in the process.

According to Chris, the decision as to which centralized agency will be entrusted with anti-money laundering coordination and enforcement is a key factor. Chris said that “the chosen agency will need powers to cover and enforce all associated areas effectively and thoroughly.”

Read the full Global Banking Regulation Review article >>