Anti-Financial Crime & Financial Crime Compliance
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NEWS: EU banks not taking money laundering risks seriously, despite costly CDD failings, EBA warns

By PAUL O’DONOGHUE, Senior Correspondent LENDERS are not taking money laundering risks seriously, despite many paying financial penalties due to customer due diligence (CDD) failings, the European Banking Authority (EBA) has said. In its latest Risk Assessment Report, the organisation said the high number of cases of money laundering and terrorist financing (ML/TF) involving European…

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