The EU needs more competences to effectively fight money laundry, Vice-President for the Euro Valdis Dombrovskis and Commissioner for Justice Věra Jourová told reporters on Wednesday (24 July) during the presentation of a series of reports on financial crimes.
National banking supervisors who control the EU banking watchdog effectively forced it to clear financial regulators in Estonia and Denmark, who were investigated in relation to suspected money laundering activities by Danske Bank, a member of the European parliament said on Wednesday (17 April).
The European Banking Authority launched a formal investigation on Tuesday (19 February) to determine if Estonian and Danish authorities had failed to enforce EU rules that would have prevented one of the largest-ever money-laundering scandals affecting Danske Bank.
Cryptoassets are dangerously unregulated and may give rise to criminal activities, according to two recent assessments published by the European Banking Authority (EBA) and the European Securities and Markets Authority (ESMA).
According to a British report, 18 of the 20 leading European banks, including four French ones, have already been sanctioned for money-laundering offences over the past decade. EURACTIV France’s media partner La Tribune reports.
The Ecofin Council “broadly” supported on Tuesday (2 October) the European Commission’s proposal to transfer more powers to the European Banking Authority to investigate alleged cases of money laundering in the EU.
While banks in London have drastically scaled back their post-Brexit relocation estimates, they are now favouring France to Germany, according to a survey led by Reuters. EURACTIV’s partner La Tribune reports.
Amsterdam and Paris won the right to host the two EU agencies that must leave London on Brexit after a dramatic ministerial meeting in Brussels on Monday (20 November) that left both result decided by drawing lots after votes were tied.
EU ministers will vote by secret ballot on the relocation of two EU agencies currently based in London at the General Affairs Council on 20 November. The ballot papers will then be destroyed and no record kept.
EU member states are urged to put on a united front on the issue of relocating the London-based European Medicines Agency (EMA), rather than bicker publicly and give the UK government reason to believe the bloc cannot cooperate properly, diplomats have told EURACTIV.com.
Leaders of 27 EU member states - excluding the UK -agreed late on Thursday (22 June) on criteria to decide by November the new seats of the European Medicines Agency and the European Banking Authority, which are currently based in London.
The post-Brexit relocation of the two London-based European agencies will be decided by a points-based vote which resembles the Eurovision song contest, EURACTIV has learned ahead of a summit tomorrow (22 June) where EU leaders will agree the criteria and the voting rules.
The future of EU agencies based in London will be part of tomorrow’s EU-27 summit, an issue that could erode the unity that European leaders want to showcase before the divorce talks with the UK begin.
The future location of the two European Union agencies based in London will be a matter for Brexit negotiations, the British government's Brexit department said yesterday (17 April), but EU officials said there was no doubt they would be moved.
In the aftermath of the Brexit vote, Rome and Madrid are leading the race to gain the right to host influential EU agencies, while Croatia, Bulgaria, Cyprus, Romania and Slovakia could remain empty-handed.