Thursday

28th Mar 2024

Ticker

Finland: EU should have anti-money laundering agency

EU states ought to create a new anti-money laundering agency and a mechanism to coordinate national investigations, according to a draft proposal by the Finnish EU presidency seen by Reuters. They should also align rules on fines, with some states currently applying tiny penalties, the draft, to be adopted in December, added. The move comes in the wake of several banking scandals, chief among them Danske Bank's Russia affair.

Read and decide

Join EUobserver today

Get the EU news that really matters

Instant access to all articles — and 20 years of archives. 14-day free trial.

... or subscribe as a group

Opinion

EU Modernisation Fund: an open door for fossil gas in Romania

Among the largest sources of financing for energy transition of central and eastern European countries, the €60bn Modernisation Fund remains far from the public eye. And perhaps that's one reason it is often used for financing fossil gas projects.

'Swiftly dial back' interest rates, ECB told

Italian central banker Piero Cipollone in his first monetary policy speech since joining the ECB's board in November, said that the bank should be ready to "swiftly dial back our restrictive monetary policy stance."

Join EUobserver

EU news that matters

Join us