EU guidance on PPP aims at more effective AML

Public-private partnerships (PPP) in the anti-money laundering domain are "flourishing" across the European Union (EU) but "there is no commonly agreed definition" of how these should operate, notes new European Commission guidance.

By Sara Lewis, in Brussels

Public-private partnerships (PPP) in the anti-money laundering domain are "flourishing" across the European Union (EU) but "there is no commonly agreed definition" of how these should operate, notes new European Commission guidance.