EU to undertake new fight against money laundering
The EBA could be granted with new rights and powers to toughen the fight against money laundering after a series of scandals involving European banks.
The European Commission intends to impose a European regulator – the European Banking Association (EBA) – with additional resources to investigate the movement and laundering of criminal money flows. This is reported by the Financial Times referring to anonymous high-ranking officials in the European Commission. The EBA could be granted with new rights and powers to toughen the fight against money laundering after a series of scandals involving European banks.
Alternatively, the newly established European Public Prosecution Service (EPPO), which can initiate cross-border financial investigations across the whole EU, can be reinforced. It is reported that for the first time these plans can officially be mentioned in the speech of European Commission President Jean-Claude Juncker, scheduled for Wednesday, September 12, and a more detailed plan can be presented next week.
Minister of the Chechen Republic for National Policy, Dzhambulat Umarov, noted that there are a huge number of cases all over Russia, when people, wearing camouflage uniforms, do "not very plausible things."
Today, St. Petersburg tensely awaits two important political events for the city. Election of the governor and the rotation of the heads of power structures. The prosecutor of the city Sergey Litvinenko is again named the first in the line of generals. The CrimeRussia is trying to find out whether there are any compelling reasons for this.