The financial sector has an active role
in the prevention of money laundering
Anti-money laundering measures should be further improved in the following ways:
- Financial institutions must be able to mutually exchange information on any suspicious business transactions.
- Authorities must be guaranteed sufficient resources for the prevention of money laundering.
- Authorities and the financial sector must improve mutual information exchange.
- Supervision must be enhanced to prevent money laundering on both national and EU level.
Relevant legislation also needs further clarification and simplification to ensure honest customer relationships are not hampered. Resources must be targeted where risks are the highest.
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