Moneyval: Money Laundering Threats on the Rise

The lastest annual report from Moneyval is anything but reassuring particularly when looking outside the EU. Many Council of Europe members are struggling against the rising threats of money laundering and terrorist financing, according to a European committee of experts.

Money-laundering scandals make the headlines on almost a daily basis, and technological innovation is being used to hide ill-gotten gains, said Daniel Thelesklaf, president of Moneyval, in the body’s annual report. The deterioration of the rule of law in parts of Europe encourages criminals to act with impunity, he said.

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