Anti-Financial Crime & Financial Crime Compliance
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EU/Europe, Financial Services

European Parliament passes law to allow OLAF fraud agency and EPPO prosecutors to launch joint inquiries; Commission praises move as ‘major step forward’

Parliament Image: David Iliff

The European Parliament has greenlit new rules that set out a path for collaboration between two large anti-money laundering agencies.

The European Anti-Fraud Office (OLAF) and the new European Public Prosecutor’s Office (EPPO) will benefit from clear regulation, strong guarantees and clearer definitions from next year – the European Commission said in a statement – as they tackle the flow of dirty money across the continent.

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