Tag: terrorist financing
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EBA explores ways to prevent money laundering and terrorist financing
The European Banking Authority (EBA) is actively investigating and exploring strategies to prevent money laundering and terrorist financing in the European Union (EU). Money laundering, a criminal activity used to disguise the illegal origins of money, poses a significant threat to financial systems worldwide. It allows criminals to legitimize the proceeds from illegal activities,…
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FATF advances efforts to counter AML and terrorist financing
FATF Advances Efforts to Counter AML and Terrorist Financing The Financial Action Task Force (FATF) continues to make significant strides in countering money laundering (AML) and terrorist financing (TF) with its global initiatives. Established in 1989, the FATF is an intergovernmental organization that aims to set international standards and promote the implementation of legal,…