EU plans anti-money laundering agency in wake of scandals

Author: APP

The EU on Tuesday said it plans to set up a stand-alone agency to crackdown on money laundering across Europe where major banks have been hit by a wave of dirty money scandals. “It’s no longer enough for member states to do separately what they are doing (to fight money laundering). We need active supervision and coordination,” said Mairead McGuinness, the EU Commissioner for financial services.

Share
Leave a Comment

Recent Posts

  • Pakistan

We resolve to make Punjab polio- free: CM Maryam Nawaz Sharif

Chief Minister Punjab Maryam Nawaz Sharif presided over the Polio Oversight Board meeting in which…

4 hours ago
  • Pakistan

Achakzai sends legal notices to ex-Balochistan info minister, others

Pashtunkhwa Milli Awami Party (PMAP) chief Mahmood Khan Achakzai on Thursday sent a legal notice…

4 hours ago
  • Pakistan

‘How can a prisoner’s property be turned into a sub-jail against his will?’

The Islamabad High Court (IHC) on Thursday reserved its verdict on a petition filed by…

5 hours ago
  • Pakistan

Omar Hamid reappointed Secretary ECP for two-year term

The Election Commission of Pakistan (ECP) has reappointed Omar Hamid Khan as its secretary for…

5 hours ago
  • Pakistan

PIA suspends flight operations for Dubai, Sharjah after rains

The Pakistan International Airlines (PIA) on Thursday suspended flight operations for Dubai and Sharjah as…

5 hours ago
  • World

Positive results of PM Saudi Arabia visit to accrue within few months: Tarar

Minister for Information and Broadcasting Attaullah Tarar on Thursday said highly successful second visit of…

5 hours ago