Anti-Fraud & Financial Crime
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Compliance, Regulatory

LATEST: Firms should press ahead with AML rules despite ambiguity, AMLA official says

PHOTO: Derville Rowland, AMLA Executive Board member responsible for direct supervision

By CARLO BOFFA, EU Correspondent European firms should focus on implementing new anti-money laundering rules and not fear enforcement action over areas of legal ambiguity, a senior EU official said on Wednesday. “If something is not clear, it is not clear who can take enforcement action on the basis of an ambiguous starting point,” said…

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