By PAUL O’DONOGHUE, Senior Correspondent
THE EU’s new Anti-Money Laundering Authority (AMLA) has signed a cooperation deal with the European Central Bank (ECB) to improve joint supervision of financial crime risks.
The Memorandum of Understanding (MoU) sets out how the AMLA and the ECB will work together. It covers information sharing, coordination on supervision, and efforts to avoid duplication.
Subscribe now to have unlimited access
With our subscription, you will have unlimited access to the AML Intelligence site, updated daily with the latest analysis, opinion, and breaking news across the sector, newsletter delivered twice per week, access to our Global Bank Fines & Penalties database, free access to Boardroom Series and more!