IIF Authors

Status: Will be live at 08/26/2020 15:52

IIF Letter on EU AML/CFT Action Plan 

The IIF has submitted a response to a consultation of the European Commission on an Action Plan for a comprehensive Union policy on preventing money laundering and terrorist financing. The letter emphasizes the need for consistency in implementation of AML/CFT rules, updating EU standards to facilitate greater financial crime information sharing and public/private sector cooperation, and increasing effectiveness in international standards for financial crime risk management.