Money Laundering Bulletin
European Banking Authority consults on plans for a central AML database
By Sara Lewis
The European Banking Authority (EBA), on 6 May [2021], launched a public consultation [1] on its plans to create a central
European Union (EU) anti-money laundering/counter financing of terrorism (AML/CFT) database to “serve as an early warning
tool” for competent authorities to act before risks “crystallise”.