The Council adopted conclusions on an action plan to better tackle money laundering and terrorist financing.
The conclusions set out a number of short-term non-legislative actions to address 8 key objectives:
-
identify the factors that contributed to the recent money laundering cases in EU banks, to better inform possible additional actions in the medium and long term;
-
map relevant money laundering and terrorist financing risks and the best prudential supervisory practices to address them;
-
enhance supervisory convergence and better take into account AML aspects in the prudential supervisory process;
-
ensure effective cooperation between prudential and money laundering supervisors;
-
clarify aspects related to the withdrawal of a bank's authorisation in case of serious breaches;
-
improve supervision and exchange of information between relevant authorities;
-
share best practices and find grounds for convergence among national authorities;
-
improve the European supervisory au