01Jan
2020

Anti-Money Laundering in the EU Ensuring effective and efficient cross-border cooperation and mutual trust: Time to get serious

Published in 
Wednesday, 1 January, 2020 - 14:30 to Sunday, 31 January, 2021 - 23:00
CEPS - Centre for European Policy Studies, 1 Place du Congrès/Congresplein, 1000 Brussels

CEPS and ECRI are organizing a Task Force on Anti-Money Laundering (AML) and how to ensure effective and efficient cross-border cooperation and mutual trust.

Notwithstanding years of actions, tackling money laundering effectively remains a big challenge. Several high-profile cases in recent years indicate that we have not come closer to a solution. Some consider it is simply a question of reforming the EU AML supervisory architecture, but the answer is much more complex and nuanced than that. AML deterrence in the EU requires better governance, but improving the structure of European authorities alone will not keep organised crime and other members of the dark economy awake at night unless it is allied to action, commitment and improvements in capability.

Hence this task force will focus on three distinct areas: effective governance, sound risk management, and changing capabilities.  It will provide a discussion forum for key international experts, stakeholders from EU and national institutions, practitioners and private sector representatives  with the aim to contribute to an effective and efficient AML framework and to make policy recommendations on the subject.

Meetings and Timeline: 

  • 1st Meeting: 23 January 2020  Agenda
  • Challenges and policy actions undertaken at EU level
  • Industry experiences
  • 2nd Meeting: 20 May 2020 Agenda
  • The European Commission’s AML Action Plan Consultation
  • AML vs GDPR
  • The use of AI in combatting money laundering
  • LEI as a tool in combatting money laundering
  • How can public-private partnership be fostered to tackle money laundering?
  • 3rd Meeting: 23 June 2020 Agenda
  • Recent Parliamentary activities on tax and AML
  • Digitalisation and new forms of payments and AML
  • Eurasia Union and AML
  • Effectiveness Measures on AML
  • EBA implementation of the new rules of the ESA regulation.