[en] This study evaluates selected aspects of the Commission's AML/CFT reform package presented on 20 July 2021, focusing on two main topics. First, it analyses the AML Authority direct supervisory powers and their effectiveness. Second, it illustrates how the reform package intends to foster coordination and information sharing among the FIUs. Recommendations are provided in order to remedy the gaps and weaknesses identified.
This document was provided by the Policy Department for Economic, Scientific and Quality of Life Policies at the request of the committee on Economic and Monetary Affairs (ECON).
Disciplines :
Criminal law & procedure
Author, co-author :
Allegrezza, Silvia ; University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Department of Law (DL)
Language :
English
Title :
The proposed Anti-Money Laundering Authority, FIU cooperation, powers and exchanges of information
