The Commission has outlined its ideas for updating the existing EU regulatory framework to combat money laundering and terrorist financing. Published on the 12th February, the roadmap identifies a number of deficiencies in the current system including inadequate application of EU AML rules by lawyers and accountants, and deficient supervision by national supervisors. In addition, the development of new technologies has opened new ways for criminals to launder money. Comments are invited by 11th March, following which the Commission will present a Communication setting out options for an enhanced EU AML/CFT legal framework.

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