Scandal-hit states oppose plan for EU scrutiny of money laundering
Share:
BRUSSELS (Reuters) - A plan to boost European Union powers to curb the flow of dirty money through banks faced resistance at an EU meeting from member states recently hit by major money-laundering and financial fraud scandals, three officials told Reuters.The EU is discussing how to strengthen its scrutiny of the financial sector after a spate of scandals in Estonia, Malta, Latvia, Cyprus and the Netherlands exposed how national watchdogs were slow at acting against banks who abetted or did not..