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EXCLUSIVE: Europe’s AML chief confirms financial institutions face new levy to fund the bloc’s future AML supervisor – expected to be off the ground by 2024

By Dan Byrne for AMLi

EUROPEAN financial institutions will likely foot part of the bill as the EU gets tougher on money laundering, the bloc’s finance chief has confirmed.

First reported by inside sources close to AMLintelligence in February, the move now looks certain to be part of the EU’s planned overhaul of its AML defences – bringing more powers to Brussels in the form of a single rulebook and supervisor.

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