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Different laws in the bloc hamper EU anti-money laundering efforts (Photo: European Commission)

EU states bungle anti-money laundering laws, report says

The European Union's fight against money laundering is being hampered by member states' improper implementation of EU law across the bloc, according to a new report.

EU member states "fell some way short" of creating a consistent anti-money laundering regime across the EU when they implemented the 2001 second money laundering directive (2MLD), concluded the study released on Thursday (21 December) by the City of London Corporation – a local government body for London's financial distric...

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Different laws in the bloc hamper EU anti-money laundering efforts (Photo: European Commission)

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