AML Developments – European Commission Action Plan

The European Commission (the “Commission”) has published a new Action Plan (here) setting out a series of proposed measures designed to remedy weaknesses in the EU’s anti-money laundering (“AML”) rules including proposals for a single EU rule-book and EU-level supervision. It has also published a number of other documents in parallel with the publication of the Action Plan, including a public consultation (the “Consultation”) seeking views on its proposals.

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